Aleris seeks to delay filing of Ch. 11 exit plan to June
Dec 07, 2009 | 08:57 AM
| Paul Schaffer
Aleris International Inc., which filed for Chapter 11 bankruptcy protection in February, wants until June 2010 to come up with a reorganization plan and until August to win creditor support for the plan.
An earlier deadline postponement required a plan by Wednesday this week and set Feb. 7 as the advocacy cutoff.
"The debtors are not seeking to extend their exclusive periods in order to delay the Chapter 11 process or to pressure creditors to accede to an unfair plan," the aluminum company told the U.S. Bankruptcy Court for the District of Delaware in a Friday filing. "The debtors seek the extension to maintain momentum and finish the consensual process....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here