Interstate Earmarks Funds For Creditors
In court documents filed on Friday in the U.S. Bankruptcy Court for the Western District of Missouri, IBC revised its plan to include a 30% recovery for unsecured creditors. Secured creditors and lenders will receive stock in the new company to compensate them for the full value of their claims, the company said.
Upon emerging from Chapter 11 with the help of...
To view the full article, register now.