Judge OKs Haights Cross Ch. 11 Plan After 6 Weeks

Law360, New York (February 24, 2010, 6:55 PM EST) -- Just six weeks after it filed for Chapter 11 protection, educational publishing company Haights Cross Communications Inc. has secured bankruptcy court approval for a prepackaged plan to slash its debt by more than half.

Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware on Wednesday confirmed the company's plan to reduce its debt from about $380 million to about $180 million and extend the debt maturity for at least another three years.

The White Plains, N.Y.-based company said it expects to...
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