Truvo USA Wins Court OK For Disclosure Statement

Law360, New York (September 9, 2010, 1:52 PM EDT) -- Truvo USA LLC is a step closer to reorganizing now that the judge overseeing the bankrupt directory publisher's Chapter 11 proceedings has approved its disclosure statement and scheduled a plan confirmation hearing for October.

Judge Arthur J. Gonzales of the U.S. Bankruptcy Court for the Southern District of New York signed an order Wednesday that said Truvo's disclosure statement contained adequate information and set a confirmation hearing for Oct. 6.

If the official committee of unsecured creditors files an objection to plan confirmation that requires discovery...
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