AeroCentury Says Files Proposed Plan Of Reorganization

AeroCentury Corp. (ACY) said that the company and its two U.S. subsidiaries have filed with the Delaware Bankruptcy Court a proposed combined Plan of Reorganization and Disclosure Statement with respect to its proposed plan to exit Chapter 11 bankruptcy protection.

The Bankruptcy Court has set a hearing date of July 12, 2021 to hear the proposed motion and to consider approval of the Solicitation Procedures Order.

The proposed Plan/Disclosure Document contemplates two potential paths to the company's emergence from bankruptcy.

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