A bankruptcy judge in USA has given the bankrupt chemicals company Lyondell Chemical Co. time until April 15 to exclusively file a plan of reorganization. Additionally he has denied a creditors' motioon to expand a probe into some of the company's restructuring methods and also denied a motion to stop so-called adequate protection payments of about US$40 mln per month to first-lien lenders, since such an act would cause the company to default on its bankruptcy financing agreement.
For more details on Bankruptcy judge gives Lyondell more time to exclusively file a plan of reorganization click here
Thursday, January 21, 2010
Bankruptcy judge gives Lyondell more time to exclusively file a plan of reorganization
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment