Judge Clears Way For Sirva To Exit Bankruptcy

Law360, New York (May 8, 2008, 12:00 AM EDT) -- Relocation company Sirva Inc. said Wednesday that a bankruptcy judge has approved its Chapter 11 reorganization plan and that it expects to emerge from bankruptcy protection soon.

“As a result of our financial restructuring, Sirva and all of our subsidiaries ... now have a significantly stronger financial foundation,” said Sirva CEO Robert W. Tieken. “The balance sheet recapitalization we undertook has reduced the company’s debt and interest expense, enhancing our ability to compete in the moving and relocation markets and positioning Sirva for long-term success.”...
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