The company linked to a chemical spill that tainted the water supply of 300,000 people in West Virginia last year is offering creditors, including those damaged by the disaster, about $3 million of the cash it raked up in bankruptcy, Dow Jones Daily Bankruptcy Review reported today. Some of the cash is earmarked for general creditors of Freedom Industries Inc., which went out of business and liquidated, unable to withstand damage claims stemming from the January 2014 incident. The company's chapter 11 plan payout proposal must be voted on by creditors and confirmed by a judge before being implemented. It was filed Thursday in the U.S. Bankruptcy Court in Charleston, W.Va.
