PPI Gets OK For Creditors To Vote On Ch. 11 Plan

Law360, New York (August 3, 2011, 6:41 PM EDT) -- A Delaware bankruptcy judge on Wednesday approved auto parts supplier PPI Holdings Inc.'s disclosure statement on a potential reorganization plan that could see unsecured creditors largely wiped out.

U.S. Bankruptcy Judge Kevin Gross gave his stamp of approval on the disclosure statement and scheduled an Oct. 28 confirmation hearing in the case of PPI Holdings, a First Atlantic Capital Ltd. subsidiary, which filed for chapter 11 protection in December 2008 under the weight of a sagging automotive industry and rising steel prices.

According to the disclosure...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

PPI Holdings, Inc., Debtor


Case Number

1:08-bk-13289

Court

Delaware

Nature of Suit

Date Filed

December 12, 2008

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.