Bankrupt School Specialty Gets Disclosure Statement OK'd

Law360, Wilmington (April 24, 2013, 8:28 PM EDT) -- A Delaware bankruptcy judge gave conditional approval to School Specialty Inc.'s disclosure statement Wednesday, allowing the educational supply company to begin soliciting votes on its Chapter 11 plan but preserving the right of parties to object to the document at next month's confirmation hearing.

School Specialty initially asked the court to sign off on the statement Monday but agreed to adjourn the hearing for two days after the U.S. trustee and certain creditors protested they had not been given enough time to evaluate late changes to...
To view the full article, register now.