According to market sources who have been tracking the Chapter 11 proceedings the final day of the debtor’s confirmation hearing wrapped up at around 5:00 Tuesday evening, which is when Judge Sean Lane said he would render a decision before next Wednesday.
While it’s unclear if the court will allow Genco to proceed with the plan in its current form a leading bond analyst who has been following the bankruptcy case since the beginning says he wouldn’t be surprised to see the petitioner emerge victorious.
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