Allied Van Lines, Affiliated Relocators Enter Ch. 11

Law360, New York (February 5, 2008, 12:00 AM EST) -- Citing the troubled housing market, a leading U.S. relocation company and its debtors, among them Allied Van Lines, fled into Chapter 11 with a prearranged reorganization plan designed to restructure their more than $1 billion in debt.

Sixty debtors affiliated with Sirva Inc. filed Chapter 11 petitions Tuesday in the U.S. Bankruptcy Court for the Southern District of New York. The debtors have asked that their petitions be jointly administered under one case.

Sirva decided to enter bankruptcy in order to restructure its senior secured debt,...
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