AbitibiBowater Amends Ch. 11 Plan, Disclosure

Law360, New York (May 25, 2010, 3:07 PM EDT) -- Bankrupt newsprint producer AbitibiBowater Inc. has filed its first amended plan of reorganization, aiming to emerge from Chapter 11 protection in the fall.

The company filed its new Chapter 11 plan and accompanying disclosure statement with the support of the unsecured creditors committee in the U.S. Bankruptcy Court for the District of Delaware on Monday.

The filings provide greater specificity regarding recoveries by unsecured creditors while maintaining the classifications for all company creditors as proposed in the May 4 draft framework for the plan of reorganization....
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