A hearing for USEC’s Chapter 11 bankruptcy filing is scheduled to take place this morning in the U.S. Bankruptcy Court for the District of Delaware. USEC announced in early March that a majority of its noteholders and major investors backed the financial restructuring plan, which would replace $530 millin in debt with a new debt totaling $240.4 million. The company’s case gained increased media attention after a recent court filing showed that around $15 million had been paid to company executives in the year before the bankruptcy case, much of it in bonuses.
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