Tower Auto Inches Closer To Bankruptcy Exit
On Tuesday, U.S. Bankruptcy Judge Allan Gropper signed off on the deal, propelling Tower's reorganization plan to creditors for a vote.
“It is hereby ordered that the disclosure statement complies with all aspects of section 1125 of the Bankruptcy Code and Local Rule 3017-1(a) and is hereby approved as containing adequate information,” the opinion stated.
In addition to giving the statement the...
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