Libbey Inc. is in the final stages of a complex plan to emerge from bankruptcy as a private company with new ownership and a clean financial slate, the Toledo (Ohio) Blade reported. While Libbey first expected to exit bankruptcy proceedings in September, the company this week filed another in a series of extensions that moves the projected date to Nov. 6. Libbey, a Delaware-based corporation headquartered in Toledo, filed for Chapter 11 back in June — a first in its 202-year history — after declaring it had assets of between $100 million and $500 million and liabilities between $500 million and $1 billion. The company’s creditors numbered between 10,000 and 25,000 and its second-quarter financial statements of this year show that it lost $83.8 million, or $3.64 cents a share, in that quarter alone.
