American LaFrance Files Reorganization Plan

Law360, New York (February 4, 2008, 12:00 AM EST) -- Only one week after it pledged a rapid exit from Chapter 11, American LaFrance LLC has filed a reorganization plan and an alternative motion to be sold in the event its plan is not approved.

The privately owned manufacturer of emergency vehicles filed its plan Sunday in the U.S. Bankruptcy Court for the District of Delaware. A hearing on the plan's approval has been scheduled for April 9.

All senior secured debt, administrative claims and priority claims would be satisfied under the plan.

Under the plan,...
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