Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Ormet Corp. > News item |
Ormet gets interim approval of wind-down plan; next hearing April 17
By Caroline Salls
Pittsburgh, March 31 - Ormet Corp. obtained a seventh interim order approving its plan for winding down its business, according to a March 31 filing with the U.S. Bankruptcy Court for the District of Delaware.
The extension is necessary to "prevent immediate and irreparable harm to the debtors and their estates pending further hearings relating to wind down," the order stated.
The interim order allows the company to make payments in compliance with a budget that runs through April 17, which is the next hearing date for the wind-down motion.
Ormet, a Hannibal, Ohio-based producer of aluminum, filed for bankruptcy on Feb. 26, 2013. The Chapter 11 case number is 13-10334.
© 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.