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Message
re: McDermott owes contractors with ties to Louisiana, amid bankruptcy
Posted on 2/19/20 at 1:53 pm to MrLSU
Posted on 2/19/20 at 1:53 pm to MrLSU
Well from the article....nothing to see here
quote:
Lenders are expected to vote on the deal no later than Wednesday. Creditors are not among those voting on the plan because they are expected to be paid in full.
If the plan filed in a Texas bankruptcy court is approved in the coming weeks, it could bode well for businesses that have trade debt with McDermott and its Shaw Group and CB&I subsidiaries, which filed for bankruptcy as well.
1
Posted on 2/19/20 at 2:25 pm to tgrbaitn08
I know a few companies that are owed money and they all expect to be paid in full as they have been getting partials.
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