Ahern Rentals Ch. 11 Plan Gets Green Light

Law360, Chicago (June 05, 2013, 7:33 PM ET) -- Ahern Rentals Inc. on Wednesday won approval in Nevada bankruptcy court for its reorganization plan, which keeps the heavy-equipment rental company in the hands of its founding family and pays creditors in full, including bondholders who had previously sought control through a rival plan.

U.S. Bankruptcy Judge Bruce T. Beesely signed off on the plan, according to a statement from Las Vegas-based Ahern, clearing the company to exit Chapter 11 later this month after a year and a half under court protection.

“Today, Ahern Rentals has...
To view the full article, register now.