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The U.S. Bankruptcy Court of Delaware has set a hearing for April 24 to review the case of Diamond Glass, which filed a petition for reorganization under Chapter 11 on April 1. The order was issued by U.S. Bankruptcy judge Christopher S. Sontchi on Friday, April 4. The court currently is in the process of notifying Diamond's thirty largest unsecured creditors (CLICK HERE for related story), the company's debtor-in-possession agent, Guggenheim Corporate Funding LLC, the "non-debtor parties to the leases" and "all parties that have requested notice pursuant to Federal Rule of Bankruptcy Procedure 2002. The hearing will be held at 2 p.m. on April 24 in Wilmington, Del. As the court reviews the case, the news of the company's filing for bankruptcy has continued to flood news outlets across the United States. CLICK HERE for a related story from Columbus Business First. Need more info and analysis about the issues? |
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Diamond
Hearing Set, News Continues