Courts approve Quebecor World reorganization; now the tax man has to say yes

The courts have approved the reorganization of Montreal-based printer Quebecor World, but it depends on whether the U.S. Internal Revenue Service approves the company’s proposed settlement of approximately $22.5 million in unpaid taxes, the court said.According to a story in Folio:, both a bankruptcy court in New York and Quebec’s Superior Court courts agreed that Quebecor’s noteholders, debtors