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A.H. Robins Co.’s bankruptcy proceeding is facing...

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A.H. Robins Co.’s bankruptcy proceeding is facing another hurdle, with more than 200 parties suggesting changes in the troubled drug maker’s financial statement filed as part of its Chapter 11 case. A hearing on the document, called a disclosure statement, is scheduled to begin in federal court in Richmond, Va., today. A disclosure statement gives financial information about a debtor, while the reorganization plan sets out how a company will repay creditors. Objections to the disclosure statement are primarily aimed at its wording. However, the disclosure statement is closely tied to the reorganization plan.

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