Bankruptcy Update: Goen Technologies, American Halal and Greektown

Here are some of the latest bankruptcy stories our reporters have been covering Friday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.

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TrimSpa distributor to file plan
Unsecured creditors of bankrupt Goen Technologies Corp. are slated to receive an 8.1% recovery under the diet company's plan of reorganization. The disclosure statement outlining the reorganization plan will be considered at an Aug. 22 hearing. - Jamie Mason

American Halal seeks extension
Liquidating Texas meat packer American Halal Meat Processors Inc. wants a 60-day extension of its sole right to file a plan that would pay all creditors in full. The Chapter 11 petition of the operator of a single meat packing plant was converted to Chapter 7 liquidation in April, and American Halal wants to extend its exclusivity past its current June 30 deadline. - Terry Brennan

Greektown can tap $150M
Bankrupt Detroit casino operator Greektown Holdings LLC has been permitted to use all of a $150 million debtor-in-possession loan that maps out a timeline for a sale or a reorganization in mid-2009. - Ben Fidler

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