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Judge won't halt trustee's bankruptcy plan

By Richard Ecke

Great Falls Tribune 

A federal bankruptcy judge Tuesday cleared the way for a reorganization plan for a troubled Billings-based electric cooperative to go forward.

U.S. Bankruptcy Judge Ralph B. Kirscher approved an amended disclosure statement prepared by Lee A. Freeman, appointed trustee for the Southern Montana Electric Generation and Transmission Cooperative, which filed for Chapter 11 federal bankruptcy protection in October 2011.

A Nov. 12 hearing on whether to confirm the plan, at the federal courthouse in Billings, will come two years after the filing of the bankruptcy petition.

In his ruling filed Tuesday, Kirscher conceded the case is not an entirely neat and tidy one.

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