Truvo USA Ch. 11 Plan Wins Bankruptcy Court OK

Law360, New York (October 26, 2010, 5:46 PM EDT) -- The judge overseeing bankrupt directory publisher Truvo USA LLC's Chapter 11 proceedings confirmed Truvo's blueprint for restructuring Tuesday, approving a reorganization plan under which senior lenders would end up owning the company.

Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York signed off on an order approving Truvo USA's second amended joint plan of reorganization.

Clearly Gottlieb Steen & Hamilton attorney Sean O'Neal, who represents the debtors, said Tuesday that the reorganization had gone well and that Truvo expected...
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