Foamex Reorganization Plan Approved
With the plan and statement now approved, Foamex can begin seeking plan approval from creditors and shareholders.
The Pennsylvania-based company said that a confirmation hearing is scheduled for Jan. 18, 2007.
Under the approved plan, creditors are expected to receive more than $650 million. Foamex also plans to also hand out an estimated $13 million in general unsecured claims...
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