Vitro, the Mexican glassmaker that defaulted on $1.2 billion in bonds, may get a ruling as early as next week on a petition for US bankruptcy protection to apply to its restructuring proceedings, according to a Bloomberg report released on 14th July 2011.
US bankruptcy judge Harlin D. Hale said during a hearing yesterday in Dallas that he will make a decision in the “next few days” after receiving complete documentation supporting both parties’ arguments.
Vitro completed the sale of its US subsidiaries, including Vitro America and Super Sky Products, to Sun Capital affiliate American Glass Enterprises in June 2011.
Vitro to get ruling from US judge on bankruptcy protection
Published 20th July, 2011 by Nadine Firth
