AbitibiBowater Files Initial Ch. 11 Plan

Law360, New York (May 4, 2010, 6:30 PM EDT) -- Bankrupt newsprint producer AbitibiBowater Inc. has filed an initial Chapter 11 plan of reorganization, though the company cautioned that the plan is subject to further amendments before voting can occur.

The plan is a “framework for the final forms expected to be filed in the near term,” is not being filed for the purpose of soliciting votes and remains subject to finalization, the company said after filing its plan Tuesday in the U.S. Bankruptcy Court for the District of Delaware.

The company intends to file an...
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