The Budd Company, Inc.  Bankruptcy New Filing Alert: Plan Of Liquidation

On December 17, 2015, a plan of liquidation was filed in the bankruptcy case of The Budd Company, Inc.  and its affiliates.

The filing was assigned docket number 1297 and is described on the court’s official docket as follows:

Second Modified Chapter 11 Plan of Reorganization 67% percent to be paid to Unsecured Creditors. Filed by Brandon Levitan on behalf of The Budd Company, Inc.. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C # (4) Exhibit D)(Levitan, Brandon)

The Budd Company, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 31, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Illinois . The case number for the lead bankruptcy case is 14-11873. The bankruptcy case is currently assigned to United States Bankruptcy Judge Jack Schmetterer. The law firm of Proskauer Rose LLP is acting as lead bankruptcy counsel to The Budd Company, Inc.  in the bankruptcy case.


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