Werner Committee Offers Second Modified Plan

Law360, New York (September 11, 2007, 12:00 AM EDT) -- In an effort to quell objections, the unsecured creditors committee of Werner Holdings has filed another amended disclosure statement and liquidation plan, which seeks to answer how the bankrupt ladder maker will pay out administrative claims.

Though a hearing had originally been scheduled for Thursday to discuss the committee's first amended disclosure statement and liquidation plan, the U.S. Bankruptcy Court for the District of Delaware chose to continue the proceedings until Friday, according to David Baddley of Greenberg Traurig, the firm representing the unsecured creditors....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.