Judge Clears Barzel Creditors To Vote On Ch. 11 Plan
Burdened with $375 million in debt, Norwood, Mass.-based Barzel and seven affiliated debtors blamed a recession-triggered business slowdown for their September 2009 bankruptcy and sold off most of their assets to Chriscott USA Inc. for $75 million in November 2009.
"The recoveries expected to be available to the holders...
To view the full article, register now.