SHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and
subsidiaries (together the Company or Woodbridge), announced today
that its first day hearing with the United States Bankruptcy Court for
the District of Delaware related to its Chapter 11 filing was
successful. The Bankruptcy Court issued authorizations on an interim
basis that, collectively, will help ensure the Company is able to
continue operating its business in the ordinary course during its
restructuring process.
“The Court’s authorizations represent a positive and important step in
the restructuring process, from which we expect W…
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