US, Insurer Object To Petroleum Co.'s Ch. 11 Plan
The objections could throw a stumbling block in the path of CPC's Chapter 11 plan approval. The company filed for bankruptcy in August, 10 months after explosions at its Bayamon, Puerto Rico, facility resulted in more than $455 million in tort claims.
Under the proposed liquidation plan, the Internal Revenue Service...
To view the full article, register now.