Zayat Stables Emerges from Bankruptcy
Posted on Aug 3, 2010 10:35am PDT
Zayat Stables LLC has plans to emerge from bankruptcy and repay creditors in full. The third-highest earner in North American thoroughbred horse racing had its plan approved by a New Jersey court as creditors voted in favor of the reorganization plan. The company originally filed for Chapter 11 bankruptcy protection, but will now be able to recover.
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