shipping

Forward Motions: Shipper Nautilus Looks to Leave Bankruptcy

01/23/15

Shipping company Nautilus Holdings Ltd. has a chance to clear the final hurdle to leaving bankruptcy protection if a judge approves the Bermuda company’s reorganization plan next Friday.

Judge Robert Drain of the U.S. Bankruptcy Court in White Plains, N.Y., could approve the company’s plan after finding out at a hearing whether creditors voted in favor of it.

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