Adelphia Gets Extension On Creditor Vote

Law360, New York (June 1, 2006, 12:00 AM EDT) -- Adelphia Communications Corp. can breathe a sigh of relief now that a judge has extended the deadline for creditor approval of its Chapter 11 reorganization plan, giving the company two more weeks to resolve a dispute between noteholders that is holding up the process.

Originally, the creditor vote was set to be completed on Monday and stockholder voting was to end Wednesday.

But in light of the ongoing squabble between noteholders, the deadline has been pushed back to June 19 for creditors and June 14 for...
To view the full article, register now.