Judge overseeing miner’s liquidation agreed to speed up the end of Cloud Peak Energy’s bankruptcy by scheduling a hearing for Dec. 5 on a plan to distribute sales proceeds to creditors.
- U.S. Bankruptcy Judge
Kevin Gross consented to the company’s request to hold the hearing 11 days early in order to ensure Cloud Peak can end its case and pay creditors by Dec. 31 - Under an
outline of its wind down plan filed Friday, Cloud Peak will distribute $15.7m in cash and $40m in notes from the sale to creditors owed about $346.8m - On Wednesday Gross approved the sale of ...
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