Home Products Disclosure Statement Approved

Law360, New York (January 31, 2007, 12:00 AM EST) -- The court in charge of Home Products International Inc.’s Chapter 11 proceedings has approved the bankrupt housewares company’s disclosure statement, just days after the company filed an amended version of the statement following an objection from the U.S. Trustee overseeing the case.

Tuesday, U.S. Bankruptcy Judge Christopher S. Sontchi signed off on an order approving the adequacy of the disclosure statement, as well as other materials and procedures connected with the plan confirmation process.

A confirmation hearing on Home Products’ proposed restructuring plan is slated for...
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