NES Close to Chapter 11 Emergence


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NES Close to Chapter 11 Emergence

RER, Jan 20 2004

National Equipment Services, which has been under Chapter 11 bankruptcy protection since June, has a hearing scheduled for later this week to present its documentation on a plan to emerge from bankruptcy protection, according to sources close to the situation.

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National Equipment Services, which has been under Chapter 11 bankruptcy protection since June, has a hearing scheduled for later this week to present its documentation on a plan to emerge from bankruptcy protection, according to sources close to the situation. Sources in the financial community expect that the Chicago-based consolidator will be out of bankruptcy protection by early next month.

NES is No. 5 on the RER 100.

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