Court Approves Dura Automotive's Ch.11 Plan

Law360, New York (May 13, 2008, 12:00 AM EDT) -- Dura Automotive Systems Inc. rounded a corner Tuesday when a federal judge confirmed its latest reorganization plan, clearing the path for the auto parts maker to exit bankruptcy protection.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware approved Dura's third amended plan of reorganization, filed on Monday, which contained only minor and nonmaterial modifications to a previous plan voted on by the parties and submitted to the court on May 8.

“The debtors, as the plan proponents, have met their...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.