Friday, November 19, 2010

Restructuring Plan Hearing Adjourned


AbitibiBowater's restructuring plan still awaits U.S. Bankruptcy Court approval after a hearing yesterday was adjourned until next week.

A telephone hearing with company lawyers and a number of creditors is scheduled to resume Tuesday.

Company spokesman Seth Kursman says it's unknown when the judge will rule on the plan, but the company is still hoping to emerge from bankruptcy protection by the end of the year.