Excel Maritime Creditors Say Rival Chapter 11 Plan in Works - 4-trad...

07/31/13

Excel Maritime Creditors Say Rival Chapter 11 Plan in Works
4-traders (press release)
Creditors of Excel Maritime Carriers Ltd. (>> Excel Maritime Carriers Ltd) say bondholders are preparing a rival turnaround plan for the shipping company, which has pledged itself to a bank-backed Chapter 11 plan. Excel's proposed plan is designed to ...