Radnor Agrees To Deadline For Liquidation

Law360, New York (April 18, 2007, 12:00 AM EDT) -- Signaling an about-face, the U.S. Trustee for bankrupt Radnor Holdings Corp. has dropped her bid to convert the case to a Chapter 7 liquidation, so long as the bankrupt foam cup maker files a Chapter 11 liquidation plan by the end of the month.

The agreement was approved on Wednesday by Delaware Bankruptcy Judge Peter J. Walsh, who said an emergency conversion hearing would be held on May 10 if Radnor fails to follow through on its deal with Trustee Kelly B. Stapleton.

Stapleton’s most recent...
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