Adelphia's Chapter 11 Plan Confirmation Postponed

Law360, New York (January 17, 2007, 12:00 AM EST) -- The bankruptcy proceedings of Adelphia Communications Corp. were delayed Tuesday when the court pushed back confirmation of the company’s fifth plan of reorganization, which was approved earlier this month.

A 10-day stay of the confirmation order was set to expire, but a judge in the U.S. Bankruptcy Court for the Southern District of New York extended it until next week, the cable company said.

The Colorado-based company said the bankruptcy court decided to extend the motion to consider appeals issued following the approval of the First...
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