Crucible Ch. 11 Plan To Dole Out Asset Sale Proceeds

Law360, New York (February 1, 2010, 5:56 PM EST) -- Crucible Materials Corp. has filed a plan outlining its final liquidation, slightly over a month after a court approved the sale of its remaining assets for $13.2 million.

The plan, filed Friday in the U.S. Bankruptcy Court for the District of Delaware, calls for the distribution of Crucible's remaining physical assets, as well as the distribution of the proceeds from the company's two asset sales.

Crucible has not yet filed a disclosure statement.

In mid-December, Judge Mary F. Walrath approved the sale of Crucible's remaining assets...
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