Wednesday, May 26, 2010

AbitibiBowater Updates Bankruptcy plan


AbitibiBowater says its filed amendments to its plans aimed at exit bankruptcy protection to courts in Canada and the United States.


It's targeting this fall as a date to emerge from creditor protection.

The plan outlines on how creditor's claims will be handled.

The insolvent newsprint giant has been in bankruptcy protection since April of 2009.