Wilmington Tries To Sink Flying J’s Extension Bid

Law360, New York (February 23, 2010, 7:06 PM EST) -- An agent for a group of prepetition term lenders in Flying J Inc.’s bankruptcy case is seeking to thwart the oil company’s bid for an extension of its exclusive period to file a Chapter 11 plan as it waits for a determination on a proposed sale of assets.

Wilmington Trust FSB, a successor administrative and collateral agent for the lenders to debtor Big West Oil LLC, on Monday asked the U.S. Bankruptcy Court for the District of Delaware to deny without prejudice Flying J’s move to...
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