Creditors File Plan In Werner Holding Bankruptcy

Law360, New York (June 20, 2007, 12:00 AM EDT) -- A group of creditors involved in the Chapter 11 proceedings of ladder maker Werner Holding Co. has filed a reorganization plan and disclosure statement that outline a plan for liquidating the company.

The official committee of unsecured creditors filed the documents on Tuesday in the U.S. Bankruptcy Court for the District of Delaware.

The plan calls for the consolidation of all Werner's assets, followed by the cancellation of intercompany claims.

“In the even that the estates are substantively consolidated, all intercompany claims and intercompany interests will...
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