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Solutia Files Fifth Amended Reorganization Plan

Law360 (October 15, 2007, 12:00 AM EDT) -- Still hoping to exit from Chapter 11 by year's end, Solutia Inc. has presented the court that's overseeing its bankruptcy with a revised plan of reorganization which the bankrupt chemicals company insists all of the major players are behind.

Solutia filed its fifth amended reorganization plan and disclosure statement on Monday in the U.S. District Court for the Southern District of New York, hailing the move as a critical step forward in its path towards emergence.

“This consensual plan of reorganization, which is supported by all...
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