Bouchard Bankruptcy Plan Approved, Clearing Way for Sale

The bankruptcy judge hearing the case of Bouchard Transportation approved the bankruptcy plan which will see the company’s assets divided off to two buyers with partial recovery for the creditors. Efforts to develop an alternate plan that would have seen Bouchard retain some of its assets failed to materialize.

At a virtual hearing conducted on August 26, Texas bankruptcy court judge David Jones approved the plan that was presented to the court. They reported to the court that all of the debtor...

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