International Aluminum Disclosure Gets Court OK

Law360, New York (February 22, 2010, 12:51 PM EST) -- A bankruptcy court judge has approved International Aluminum Corp.'s amended disclosure statement, putting off the objections of unsecured creditors and bringing the company one step closer to exiting bankruptcy protection.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware signed off on the disclosure statement Friday but did not address the concerns of the official committee of unsecured creditors.

The judge also approved International Aluminum's voting procedures for creditors. A confirmation hearing for the company's restructuring plan is set for April...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.