A federal bankruptcy court judge on Wednesday approved Navillus’ reorganization plan, meaning the construction company can begin exiting bankruptcy in the next few weeks. Judge Sean Lane signed off on the plan, which will include a $25.7 million award to five construction unions. Navillus announced the approval Wednesday evening. The approval, which signals the final stage of bankruptcy, comes nearly one year after Navillus filed for Chapter 11 protection in Manhattan federal court. The company […]
source https://therealdeal.com/2018/10/10/one-of-the-citys-biggest-concrete-contractors-navillus-gets-greenlight-to-exit-bankruptcy/
No comments:
Post a Comment