Bankruptcy & Restructuring News Roundup
Vitro Order Blocking Bondholders Extended by Appeals Court
Vitro SAB bondholders are blocked from seizing assets of the Mexican glassmaker after a federal appeals court extended a lower-court order during an appeal over the company’s bankruptcy restructuring.
Abound Solar to Suspend Operations, File for Bankruptcy
Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.
Philadelphia Orchestra to Exit Bankruptcy, Lawyer Says
The Philadelphia Orchestra Association, the symphony featured in Walt Disney’s “Fantasia,” won court permission to exit bankruptcy after cutting musicians’ salaries and benefits by about $4 million a year, the orchestra’s attorney said.