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Published on 1/7/2008 in the Prospect News Distressed Debt Daily and Prospect News Special Situations Daily.

Solutia expects to emerge from bankruptcy Jan. 25

By Caroline Salls

Pittsburgh, Jan. 7 - Solutia Inc. expects to exit bankruptcy on Jan. 25, according to an 8-K filed with the Securities and Exchange Commission.

As previously reported, the company's plan of reorganization was confirmed on Nov. 29 by the U.S. Bankruptcy Court for the Southern District of New York.

Solutia, a St. Louis-based manufacturer and provider of performance films, specialty chemicals and an integrated family of nylon products, filed for bankruptcy on Dec. 17, 2003. Its Chapter 11 case number is 03-17949.


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