Pacific Lumber Creditors File Reorganization Plan

Law360, New York (January 31, 2008, 12:00 AM EST) -- A handful of Pacific Lumber Company Inc. creditors has taken advantage of the end of the exclusivity period in the company's Chapter 11 proceedings and filed reorganization plans for the logging company.

In documents filed Jan. 30 in the U.S. Bankruptcy Court for the Southern District of Texas, creditors including Marathon Structured Finance Fund LP, Britt Lumber Co., Inc., and the Bank of New York Trust Company, N.A. submitted reorganization plans and disclosure statements for Pacific Lumber.

Bank of New York, indenture trustee for the timber...
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