Global Home's Reorganization Plan Gets Judge's Nod

Law360, New York (February 15, 2008, 12:00 AM EST) -- The Delaware bankruptcy court overseeing Global Home Products LLC's Chapter 11 reorganization has formally approved the housewares maker's road map out of bankruptcy.

U.S. Bankruptcy Judge Kevin Gross signed off Wednesday on an order confirming Global Home's reorganization plan, following a hearing in the Wilmington court the same day.

Global Home said Monday, in a memorandum of law filed with the court, that the plan was in the best interest of the estate and creditors, and would yield greater recoveries than a Chapter 7 liquidation would....
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