Loewen error irks investors

Article Abstract:

Burnaby, BC-based Loewen Group Inc., which is a funeral services company, has improperly registered $1.1 billion of its secured debt with a U.S. trustee. Loewen has declared bankruptcy in the U.S. and Canada after accumulating $2.1 billion in debt.

Financial management, Finance

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Reorganization plan announced by Loewen

Article Abstract:

Burnaby, BC-based Loewen Group Inc. has announced a reorganization plan that includes a $3 million bonus for chairman John Lacey. Loewen, which is a funeral services company, offers secured creditors a package deal toward $2 billion in debts.

Management

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Loewan plan gets nod in U.S

Article Abstract:

Loewen Group Inc. announced that it will resume normal business operations in January after a Delaware bankruptcy court approved its $2 billion (U.S.) restructuring plan.

Securities

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