Yes, finally some good news. Someone took it as bad news though and sold 400 shares at 11 cents before 8am.
The only reservation I have that it's a completely done deal is this sentence: "The restructuring involves Xerium’s companies located in the United States, Canada, Austria and its non-operating holding companies in Italy and Germany. The Company’s operating entities in Europe, Asia, South America, Italy, and Germany are not part of the court process or the restructuring."
Looks like they are going to play hardball and force that small bank in line. So we have another 30-60 day delay until the judge approves and enforces the plan. I have no idea what that small lender/bank is thinking.