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Vitro bankruptcy ruling to be delayed

Post Time:Apr 04,2011Classify:Industry NewsView:137

Given that Vitro SAB has been in default on $1.2 billion in bonds for two years, there would seem to be little question that its U.S. subsidiaries should go into Chapter 11 involuntarily. Vitro, Mexico’s largest glassmaker, nonetheless opposed the involuntary filings against U.S. subsidiaries, prompting the bankruptcy judge in Fort Worth, Texas, to hold a two-day trial on March 31 and April 1.

When the trial ended, U.S. Bankruptcy Judge Russell Nelms said he would rule later, without giving a date.

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Source: http://www.glassmagazine.com/news-item/commercial/vitro-bankruptcy-ruling-be-delayed-117883Author:

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