Instant Brands wins Chapter 11 plan approval Financier Worldwide – Financier Worldwide

The US Bankruptcy Court for the Southern District of Texas has approved a Chapter 11 restructuring plan for Instant Brands, the company announced in late February. Under the terms of the plan, Instant Brands will reorganise its housewares business under new lender-controlled ownership. As part of the restructuring, Instant Brands lenders will offer financing to…