American LaFrance Wins Creditor Support For Plan

Law360, New York (March 27, 2008, 12:00 AM EDT) -- Bankrupt American LaFrance LLC has secured support from its unsecured creditors for a modified version of its reorganization plan and expects to file the revamped edition by Friday, the fire truck maker has said.

The Summerville, S.C.-based company also announced in a statement Thursday that the Delaware bankruptcy court had approved its disclosure statement and set April 18 as the deadline for voting on the plan.

ALF's chief restructuring officer William Snyder said the company, with the stated support of the creditors' committee, was now looking...
To view the full article, register now.

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.