Opinion ID: 768223
Heading Depth: 3
Heading Rank: 2

Heading: The Reorganization of National Gypsum

Text: 6 National Gypsum filed a Chapter 11 bankruptcy petition October 28, 1990. As a part of its reorganization plan, National Gypsum sought to assume the Wellington Agreement, one of approximately 250 executory contracts or unexpired leases to which National Gypsum was a party. In accordance with Bankruptcy Code requirements, the National Gypsum plan detailed the cost to cure any existing defaults on these executory contracts or unexpired leases. National Gypsum's plan represented that the company was not in default on any payments under the Wellington Agreement, and therefore, the cost to cure all defaults was $ 0. 7 On March 9, 1993, the bankruptcy court entered its Order Confirming the FirstAmended and Restated Joint Plan of Reorganization of National Gypsum Company and Aancor Holdings, Inc. confirming the National Gypsum plan of reorganization.