Court accepts TBS Chapter 11 reorganisation plan
- Thursday 29 March 2012, 09:47
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- Dry Cargo
TBS International’s pre-packaged bankruptcy plan has received “overwhelming” support in the federal bankruptcy court in New York, setting the dry bulk and tweendecker company on course to re-emerge as a privately held going concern.Ownership of TBS has passed to its bank lenders, led by...
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