OK'd Majestic Star Ch. 11 Plan Will Cut Debt By 80%
Judge Kevin Gross signed off on the plan at a hearing in the U.S. Bankruptcy Court for the District of Delaware after the debtors reached an 11th-hour accord with the city of Gary, Ind., to resolve an objection over a land development agreement.
“It would be a very foolish judge to stand in the way of such a consensual plan,”...
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