Georgetown creditors receive $7.5M payment

Dec 02, 2005 | 10:11 AM | Maria Guzzo

Creditors of the former Georgetown Steel Corp. have finally secured some of the money owed to them, two years after the company filed for bankruptcy protection.

The Georgetown Steel Co. LLC Liquidating Trust recently made an initial distribution to unsecured creditors of about $7.5 million, or 13.62 percent of allowed claims.....

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