We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Creditors Oppose Pliant's Chapter 11 Plan

Law360 (June 1, 2006, 12:00 AM EDT) -- Awaiting court approval of its reorganization plan, Pliant Corp. remains on the cusp of emerging from bankruptcy, but some creditors are arguing that the packaging maker is not ready to wrap up its bankruptcy just yet.

At the beginning of confirmation hearings Wednesday, the group of senior noteholders claimed the company is not quite strong enough to exit Chapter 11. Another group said Pliant needed to map out how the restructuring will take care of problems that led the company to seek refuge from creditors in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.