Most creditors will be paid in full under the company's proposedreorganization.
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Trustee opposed creating a shareholder committee, but also objected to Kodak's proposedreorganization.
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Any proposedreorganization of the executive branch of your state government.
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The reorganized company will continue to sponsor its pension plans, according to the proposedreorganization plan.
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Trustee opposed creating a shareholder committee, but has also made objections to Kodak's proposedreorganization plan.
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The proposedreorganization follows a Nov. 18 management overhaul on the heels of poor financial results.
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Last month the bankruptcy court allowed ION to begin soliciting votes from creditors on its proposedreorganization plan.
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He also said he wanted the administration to provide his panel with detailed plans of its proposedreorganization.
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Lehman, a creditor in the company, will receive 100 percent of the equity under the proposedreorganization plan.
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The company said it would seek court approval of its proposedreorganization plan in U.S. Bankruptcy Court in March.
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In a Tuesday court filing, it said it is in "continuing negotiations" regarding a proposedreorganization plan.
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Unsecured creditors are already represented in the bankruptcy by an official committee, which backs the company's proposedreorganization plan.
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Unsecured creditors are also upset with the proposedreorganization, and asked the court permission's last week to craft their own plan.
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Citadel, the third-largest U.S. radio broadcaster, said in court documents that shareholders will be wiped out under the proposedreorganization plan.
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A disclosure statement gives claimholders in-depth information about a bankrupt company's financial affairs ahead of voting on a proposedreorganization plan.
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Under the proposedreorganization plan, unsecured debtholders are to receive 70 cents on the dollar of new notes plus new common stock.