Budd: More Than $100 Million In Insurance Available To Pay Asbestos Claims
(December 22, 2015, 4:53 PM EST) -- CHICAGO — Chapter 11 debtor The Budd Co. Inc. on Dec. 17 filed an amended plan of reorganization and disclosure statement after asbestos claimants objected to the first disclosure statement, saying it did not contain enough information about how asbestos claims will be treated, and after an Illinois federal bankruptcy judge ordered Budd to provide more details about such claims (In re: The Budd Company, Inc., No. 14-11873, N.D. Ill. Bkcy.).