IBC Must Post Reorganization Plan

June 27, 2008: Interstate Bakeries Corp. must file a new reorganization plan by Monday and get support from its unions or provide a liquidation strategy to its lenders.

The stipulations are laid out in the bankrupt company's most recent financing package provided by a group of lenders. Kansas City-based IBC filed for protection from creditors in September 2004 amid rising costs and declining sales.

Click here to read more at tradingmarkets.com.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Where Do We Go From Here?

This April 4th will mark the 50th anniversary of Dr. Martin Luther King Jr.’s assassination. As our nation prepares to celebrate his life and work, it is important to remember that it wasn’t always celebrated at the time.

Dial In: UPS Contract Conference Call Saturday, January 13

Join Fred Zuckerman and UPS Teamsters on a national conference call to get ready for negotiations at UPS.

View More News Posts