Allied Holdings Wins Extension For Chapter 11 Plan

Law360, New York (April 12, 2006, 12:00 AM EDT) -- Despite opposition from unsecured creditors over Allied Holdings Inc.’s request for an exclusive extension, a bankruptcy judge has granted the car transporter company an additional three months to retain sole right over its Chapter 11 reorganization plan.

Judge W. Homer Drake of the U.S. Bankruptcy Court in the Northern District of Georgia ruled Tuesday to extend Allied’s control over its plan through July 15 and its exclusive right to petition for creditor support of its plan through Sept. 13.

While Allied was not granted its initial...
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