Geneva Still Negotiating Plan to Pay Its Creditors
Deseret News (Salt Lake City) › November 23, 2004
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Summary
Bankrupt Geneva Steel is continuing negotiations over three competing reorganization plans that would provide different payoffs to the company's unsecured creditors.
On Monday, U.S. District Judge Glen E. Clark continued a status conference to Dec. 20, allowing more time for parties to reach a consensual plan.See the full content of this document
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Geneva Still Negotiating Plan to Pay Its Creditors
All of the plans would pay secured creditors 100 percent of their claims, which total roughly $128 million. The creditors in...
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