Patriot Coal Gets 6-Month Extension To File Ch. 11 Plan

Law360, New York (November 15, 2012, 1:34 PM EST) -- A New York bankruptcy judge granted Patriot Coal Corp. a six-month extension of its exclusive right to file a Chapter 11 plan Thursday, which the debtor had argued was necessary to let it avoid having to formulate a reorganization plan prematurely.

U.S. Bankruptcy Judge Shelley C. Chapman granted Patriot's Oct. 18 request for a 180-day extension of the exclusivity period under Section 1121(d) of the Bankruptcy Code, giving the company and its 98 affiliated debtors until May 5 to file a plan and July 4 to...
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