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Masonite's POR Confirmed by Delaware Bankruptcy Court; Exit Expected in 10 Days

"Masonite Corp expects to emerge from bankruptcy in the next ten days following court approval today of its plan of reorganization (POR). During a relatively short POR confirmation hearing in Delaware Bankruptcy Court, Judge Peter Walsh marveled at the company's relatively smooth two-month long ride through bankruptcy.

'With deleveraging the balance sheet and the absence of serious disputes, I haven't seen a bankruptcy case like this in ten years,' Walsh said."

This article appeared in its entirety in the May 29, 2009 edition of DebtWire.