Former Boilermaker Oakfabco Pushes Forward, Seeks Asbestos Claimants’ Approval

(April 24, 2017, 1:46 PM EDT) -- CHICAGO — Defunct boiler manufacturer Oakfabco Inc., which is in its second round of bankruptcy, filed a plan of reorganization and the plan’s disclosure statement March 31 in Illinois federal bankruptcy court, saying it plans to move forward with its proposal to liquidate its insurance assets and establish a multimillion dollar asbestos trust whether its settlements with several insurers are approved or not (In re:  Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.)....