Debt Isn't Issue, Vitro Replies To Involuntary Ch. 11

Law360, New York (December 11, 2010, 1:20 PM EST) -- Vitro America LLC and 14 other U.S. units of Mexican glass company Vitro SAB de CV have filed a response in bankruptcy court to a noteholder group’s bid to force the subsidiaries into Chapter 11, claiming the alleged debtors are keeping up with debt payments.

In the response, filed Thursday in the U.S. Bankruptcy Court for the Northern District of Texas, Vitro America argued that the noteholders were ineligible to file an involuntary bankruptcy petition because their claims were “contingent as to liability” and the amount...
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