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Hayes Lemmerz files plan of reorganization

Published Thursday, May 01, 2003

Hayes Lemmerz International Inc has filed a plan of reorganization with the United States Bankruptcy Court for the District of Delaware. Filing of the plan is a key step forward for the company in its efforts to emerge successfully from Chapter 11 proceedings under the US Bankruptcy Code. This plan requires approval by creditors and final approval by the court before it can be implemented. The company noted that the plan could be modified before it is submitted to its creditors for approval. Hayes Lemmerz said it presently expects to emerge from bankruptcy sometime during the first half ...

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