Libbey Bankruptcy - June 11, 2020
As most of you are aware, on June 1, 2020, Libbey filed for bankruptcy under Chapter 11 of the Federal Bankruptcy Code.
The ultimate goal in any Chapter 11 bankruptcy case is the development of a Plan of Reorganization ("POR") that includes new financing, a future business plan/ model and a plan to re-pay the company's creditors and lenders.