Post Time:Jul 15,2011Classify:Industry NewsView:172
Vitro SAB, the Mexican glassmaker that defaulted on $1.2 billion in bonds, may get a ruling as early as[this] week on a petition for U.S. bankruptcy protection to apply to its restructuring proceedings in Mexican court, according to a July 14 Bloomberg report.
U.S. Bankruptcy Judge Harlin D. Hale said during a hearingJuly 13in Dallas that he'll make a decision in the "next few days" after receiving complete documentation supporting both parties' arguments.
Vitro completed the sale of its U.S. subsidiaries, including Vitro America and Super Sky Products, to Sun Capital affiliate American Glass Enterprises in June.
Read more...
Share this article:Source: http://www.glassmagazine.com/news-item/commercial/vitro-may-get-ruling-us-judge-next-week-bankruptcy-protection-118410Author:
PrevContractors feel the squeeze as rising costs continue to outpace building prices
AAMA continues to call for legislative review of LRRP rulesNext