Most analysts expect the committee to present its own reorganization proposal.

It is required to develop a reorganization proposal within six months.

Eastern's new reorganization proposal came with many conditions, the person close to the creditors' committee said.

The two groups have been particularly aggressive in criticizing WorldCom's reorganization proposal.

That reorganization proposal was reviewed and passed by the House and Senate.

"The question is what you can live with politically," a senior city official said of the reorganization proposals yesterday.

From the creation of a viable reorganization proposal to the tough negotiations with key creditors, Drexel was there.

During the exclusivity period, other parties to the case cannot make reorganization proposals for Eastern, which recently submitted a revised plan to the court.

The meeting today was part of an effort by Mr. Gorbachev to prevent a similar fate for the political reorganization proposals approved last month.

The military reorganization proposal to be taken up would authorize united, commonly financed armed forces for the commonwealth.