J.L. French Files Reorganization Plan

Law360, New York (April 5, 2006, 12:00 AM EDT) -- Two months after filing for Chapter 11 protection, bankrupt auto parts maker J.L. French has submitted its reorganization plan, which calls for the total repayment of a $295 million first-lien debt and the repayment in full of all trade creditors.

“We are on track with our reorganization, as evidenced by today’s filing which has been completed in less than 60 days since we first entered Chapter 11,” said J.L. French CEO Jack Falcon. “We are optimistic that we will complete the reorganization and emerge with a...
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.