Tuesday, September 8, 2009

Creditors' Deadline Set

U.S. and Canadian authorities have set a November 13 deadline for creditor claims against AbitibiBowater.

The Quebec Superior Court in Canada and the U,S. Bankruptcy Court for the District of Delaware also established procedural rules for filing the creditor claims.

Company CEO David Paterson says the claims process will low the company to assess the scope and nature of creditor claims and assist AbitibiBowater in formulating a restructuring plan.