Tower Automotive To File Ch. 11 Plan Tuesday

Law360, New York (May 1, 2007, 12:00 AM EDT) -- Tower Automotive Inc. will file its reorganization plan before the end of Tuesday, more than two years after the bankrupt auto parts maker filed for Chapter 11 protection.

This development comes a day after the judge overseeing the bankrupt auto parts maker’s Chapter 11 case granted Tower a short extension of its exclusive right to file its plan, which expired Monday.

U.S. Bankruptcy Judge Allan Gropper signed off on an order extending Tower’s exclusive rights to file through June 6, 2007 and to seek support for...
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