The Budd Company, Inc.  Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Modify Retiree Benefits

On February 5, 2016, an order regarding the motion for authority to modify retiree benefits was filed in the bankruptcy case of The Budd Company, Inc.  and its affiliates.

The filing was assigned docket number 1564 and is described on the court’s official docket as follows:

Order Scheduling on Final Argument (RE: [1378] Motion to Approve). Proposed Findings of Fact and Conclusions of Law and Proposed Orders by Debtor/Movant and E&A Committee due date 2/16/2016. Proposed Finding of Fact and Conclusions of Law and Proposed Orders by UAW due date 2/23/2016. Rebuttal by Debtor and E&A Committee due by 2/29/2016. Status hearing to be held on 3/1/2016 at 01:30 PM at 219 South Dearborn, Courtroom 682, Chicago, Illinois 60604. Signed on 2/5/2016 (Gomez, Denise)

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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