Perkins & Marie Delays Ch. 11 Deadline For Creditor Talks

Law360, Wilmington (August 22, 2011, 4:59 PM EDT) -- Restaurant chain operator Perkins & Marie Callender’s Inc. extended its deadline for confirming its reorganization plan by two weeks on Monday, telling a Delaware bankruptcy judge it was making headway in negotiations with unsecured creditors.

The court had been scheduled to consider the disclosure statement attached to Perkins’ Chapter 11 plan, but that hearing was pushed back to Sept. 8 to allow for discussions among the debtor, the official committee of unsecured creditors and bondholders backing the plan, debtor attorney Hollace T. Cohen of Troutman Sanders...
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