Vi-Jon Wins Approval to Begin Creditor Vote on Talc Bankruptcy Plan
A Delaware bankruptcy judge approved Vi-Jon's Chapter 11 restructuring framework, allowing the private-label body-powder maker to solicit creditor votes on its exit plan after resolving a standoff with major retailers over talc liabilities.
By Akiko MatsudaA Delaware bankruptcy judge on Tuesday approved Vi-Jon's chapter 11 restructuring framework, clearing the private-label body-powder manufacturer to begin soliciting creditor votes on its chapter 11 exit plan after it resolved a standoff with major retailers over talc liabilities.Jud…