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HADSON ANNOUNCES TIME-TABLE FOR RESTRUCTURING

 HADSON ANNOUNCES TIME-TABLE FOR RESTRUCTURING
 OKLAHOMA CITY, Oct. 16 /PRNewswire/ -- Hadson Corporation


(NYSE: HAD) announced today that the bankruptcy court has set dates for certain key procedural matters in conjunction with its Chapter 11 filing which was announced yesterday. Nov. 5, 1992 has been set as the date by which creditors must file proofs of claim. The hearing for the confirmation of Hadson's plan of reorganization has been set for Nov. 30, 1992. Written objections to the confirmation of the plan must be filed by Nov. 16, 1992.
 Hadson Corporation is an independent producer and supplier of energy products and services. Hadson has continuing operations in natural gas and gas liquids through its subsidiary, Hadson Energy Products and Services, Inc. (HEPSI). HEPSI is not a party to Hadson Corporation's debt agreements and will not be a party to Hadson's bankruptcy proceedings.
 -0- 10/16/92
 /CONTACT: J. Michael Adcock, president and chief executive officer of Hadson Corporation, 405-235-9531/
 (HAD) CO: Hadson Corporation ST: Oklahoma IN: OIL SU: RCN


TS -- NY042 -- 0966 10/16/92 12:54 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:177
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