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About: http://data.cimple.eu/news-article/a19f2ae84d82fff7c2a64fa2413996b311008192d35bf416527e36f3 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	USA Rugby's chapter 11 reorganization plan has received court approval, allowing the national governing body to emerge from bankruptcy on Tuesday, the organization announced. The Delaware Bankruptcy Court on Monday approved the USA Rugby debtor plan, a reimbursement proposal to address creditor claims and reconcile bankruptcy debts over five years. "This is an important step for USA Rugby and the go-forward plans of the game here in the United States," USA Rugby chief executive officer Ross Young said. "We are extremely pleased with the outcome, most notably as it becomes the catalyst for us to begin the hands-on rebuilding process with the rugby community and recommence long term planning that will benefit all levels of the game." As USA Rugby enters a post-bankruptcy phase, the organization will be accountable for reimbursement over the next five years to secured creditors. USA Rugby declared bankruptcy in March, citing COVID-19 as the main factor after shutting down activities indefinitely due to the coronavirus pandemic. js/rcw
schema:headline	USA Rugby exits bankruptcy as reorganization plan approved
schema:mentions	Catalysis Debtor Creditor Delaware Court Chief executive officer Pandemic United States Coronavirus Coronavirus disease 2019 Ross Young USA Rugby
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	93 (xsd:integer)

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