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Fruehauf Proposes Reorganization Plan

Published Wednesday, July 01, 1998

The first amended joint plan of reorganization for Fruehauf Trailer Corporation was proposed in a disclosure statement dated June 24 in the United States Bankruptcy Court for the District of Delaware. Fruehauf and its affiliated companies entered Chapter 11 bankruptcy on October 7, 1996, and since then Fruehauf's major assets have been sold. The debtor is proposing a plan for the further reorganization and disposition of assets. Fruehauf's axle plant in Delphos, Ohio, was sold at auction February 18, 1997, to Holland Hitch Company for $14,390,000 plus the value of the inventory. Fruehauf's US manufacturing and sales distribution ...

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