Molycorp Has a Plan to Get Out of Bankruptcy

Moylcorp (NYSE:MCP) has filed a plan to emerge from its Chapter 11 bankruptcy filling, Reuters reported.
As quoted in the publication:

The plan, which was filed with the U.S. Bankruptcy Court for the District of Delaware on Tuesday, has proposed an exit of Chapter 11 through a stand-alone reorganization or a sale of substantially all of its assets, the company said in statement.
The Greenwood, Colorado-based company said it has the backing of its largest pre-petition secured creditor and its post-petition lender and investment funds managed by Oaktree Capital Management.

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