Baldwin-United filed a plan of reorganization.
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The company and a subsidiary, D. H. Baldwin Co., filed a joint reorganization plan in U.S. Bankruptcy Court under which Baldwin-United estimates that it will ultimately pay unsecured creditors up to $140 million in cash. The plan is subject to approval by U.S. Bankruptcy Judge Randall Newsome of Cincinnati, who is overseeing Baldwin-United’s Chapter 11 reorganization.
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