Amended Charys Plan Seeks Deal With Creditors

Law360, New York (December 9, 2008, 12:00 AM EST) -- Charys Holding Co. Inc. has filed an amended reorganization plan and disclosure statement that includes settlements with bondholders and other individual creditors that will leave the company with enough assets to pay back the bulk of the company's other creditors.

The bankrupt remediation and telecommunications company said in its Monday filing in the U.S. Bankruptcy Court for the District of Delaware that absent a settlement with holders of 8.75 percent convertible notes and several other creditors, bondholder claims would “significantly reduce — if not eliminate —...
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