Chemical Firm TPC Near Deal With Creditors, Lawyer Tells Judge

Chemical maker TPC Group Inc. is close to a deal to end unsecured creditor opposition to its bankruptcy-exit plan, company attorney James R. Prince told the judge overseeing the company’s reorganization.

• The company is in the final stages of talks with its unsecured creditors committee and may have a global deal by early next week, Prince said at a brief court hearing Tuesday
• TPC has been negotiating with unsecured creditors and a group of people suing the company over a series of disasters at its plants
• The Houston-based company filed for bankruptcy in June after making a deal with noteholders ...