GSC, Vitro, Nortel, Borders, Lehman, Nebraska: Bankruptcy - Business...

07/12/11

GSC, Vitro, Nortel, Borders, Lehman, Nebraska: Bankruptcy
BusinessWeek
US Bankruptcy Judge Arthur Gonzalez had ruled earlier last week that the sale proposed by the trustee was preferable to the Chapter 11 plan proposed by a minority group of lenders. The judge saw the sale as the “only plausible exit strategy. ...

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