Excel Maritime, Creditors Agree On Revised Ch. 11 Plan

Law360, New York (November 25, 2013, 6:41 PM EST) -- Excel Maritime Carriers Ltd. has reached a deal with creditors it had been battling since the start of its bankruptcy that will allow it to move ahead on a consensual reorganization plan, according to court papers filed Friday.

Excel said it will file an amended reorganization plan backed by its creditors and prepetition secured lenders Tuesday and has scheduled a hearing on the plan's accompanying disclosure statement for Dec. 6. A hearing on the plan’s confirmation is set for Jan. 27.

The dry bulk shipping company...
To view the full article, register now.




Case Information

Case Title

Excel Maritime Carriers Ltd., et al.

Case Number



New York Southern

Nature of Suit

Date Filed

July 1, 2013

Law Firms


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.