Judge OKs Collins & Aikman Disclosures

Law360, New York (January 26, 2007, 12:00 AM EST) -- Bankrupt auto parts maker Collins & Aikman Corp. received court approval of its disclosure statement Thursday, allowing the company to move forward with plans to sell off its operations and assets.

A spokesman for Collins & Aikman said the company managed to resolve all objections to the disclosure statement before its hearing in front of Judge Steven Rhodes in U.S. Bankruptcy Court for the Eastern District of Michigan Thursday.

After approving the disclosure statement, Judge Rhodes set a confirmation hearing on Collins & Aikman’s reorganization plan...
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.