J.L. French’s Creditors Balk At Proposed Changes
On Tuesday, creditors filed an objection in U.S. Bankruptcy Court in Delaware, claiming that the proposed changes will enable the company to submit a reorganization plan that will not pay its unsecured creditors.
J.L. French wants to alter its contract with Ford and DaimlerChrysler on the grounds that the amendments would generate more revenue for...
To view the full article, register now.