Entergy Loses Exclusive Right To File Ch. 11 Plan

Law360, New York (December 11, 2006, 12:00 AM ET) -- In a blow to Entergy New Orleans, a federal bankruptcy judge has ended the energy provider’s exclusive right to file a reorganization plan, paving the way for rival Chapter 11 proposals to emerge.

U.S. Bankruptcy Judge Jerry Brown issued the edict on Friday, hoping to speed up the restructuring negotiations that have already dragged on for months.

Under bankruptcy law, companies must turn in a Chapter 11 plan mapping out how creditors will be paid. Exclusive periods bar other parties from filing alternative plans and give...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers