Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Pemco World Air Services, Inc. > News item |
Former Pemco eyes settlement of claims with Pension Benefit Guaranty
By Lisa Kerner
Charlotte, N.C., April 1 - WAS Services, Inc., formerly Pemco World Air Services, Inc., asked the court to authorize and approve a stipulation by and between the debtors and the Pension Benefit Guaranty Corp., according to documents filed April 1 with the U.S. Bankruptcy Court for the District of Delaware.
Under the stipulation, Pension shall have an allowed administrative expense claim in the amount of $446,138 and an allowed general unsecured claim in the amount of $33,196,034, or to be known collectively as the allowed settlement claims.
A hearing is scheduled for April 22.
The Tampa, Fla.-based former Pemco performs large jet maintenance and repair services. It filed for bankruptcy on March 6, 2012, under Chapter 11 case number 12-10799.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.