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

How to Check Your UPS Retro Pay

Sometime in June, UPS Teamsters expect to be paid for nine months of retroactive pay for contractual raises.  We recommend that you check to make sure you’re getting what you are due, using this calculator.

TDU Black Leadership Conference

African-American Teamsters will hold TDU’s first national Black Leadership Conference, July 13-14 in New York City.

View More News Posts