Collins & Aikman Seeks Plan Extension

Law360, New York (April 27, 2006, 12:00 AM EDT) -- Busy cutting down its operating expenses, bankrupt Collins & Aikman Corp. has requested an additional 120 days to work on fleshing out its reorganization plan.

As one of the nation’s largest auto parts suppliers, the company asked the U.S. Bankruptcy Court in Detroit for an extension of its exclusivity period to file a Chapter 11 plan in order to sort out a particularly “large and complex” bankruptcy case.

The company has asked to extend its control over its plan from May 15 to Sept. 12 and...
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