OTHER NEWS - Feb. 15, 1992
From Times Staff and Wire Reports
LTV Files Second Reorganization: LTV Corp.’s second plan to end its long-running bankruptcy was embraced by most creditors but faces a major hurdle--reaching a new contract with steelworkers. The new plan settles differences between creditors that arose from the original $6-billion reorganization proposed last May. It also accounts for steps the company has taken since then to sell its aerospace and defense divisions. Some technicalities must be solved before the Dallas-based steel and energy conglomerate can emerge from the Chapter 11 protection it entered in July, 1986.
