Meridian Asks Court For Fourth Extension Of Plan

Law360, New York (June 5, 2006, 12:00 AM EDT) -- Nearly two months after scoring a third extension on its reorganization plan, Meridian Automotive Systems Inc. has put in a fresh request to the bankruptcy court for additional time to put together its emergence strategy.

The auto parts manufacturer, which filed for Chapter 11 last April, submitted an amended restructuring proposal at the end of May, in hopes of prolonging its exclusive restructuring period for 61 days, until July 31.

While some of the first-lien debtholders objected to Meridian’s last extended exclusive period for its reorganization...
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