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Court Approves Anchor Glass Chapter 11 Plan For Vote

Law360 (March 1, 2006, 12:00 AM EST) -- Despite U.S. Trustee objections last week that Anchor Glass Container Corp.’s Chapter 11 reorganization plan and disclosure statement lacked vital information, a U.S. Bankruptcy Court granted the company’s request Wednesday to submit its proposed plan and statement for voting.

A confirmation hearing is scheduled for April 17, and if the plan is approved by the court, Anchor Glass plans to emerge from bankruptcy in late April.

Both committees for noteholders and unsecured creditors informed Anchor Glass that they intend to recommend the approval of the plan....
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