EnviroSolutions Disclosure Statement Wins Approval

Law360, New York (May 4, 2010, 2:56 PM EDT) -- At a contentious hearing Tuesday a bankruptcy court judge approved waste management company EnviroSolutions Holdings Inc.'s disclosure statement over the objections of unsecured creditors.

Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York signed off on the company's disclosure statement Tuesday despite claims from creditors that the reorganization plan is unconfirmable.

The judge said all such issues are best left for confirmation hearings, tentatively scheduled to begin July 21, and that at this point the disclosure statement is adequate....
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