Collins & Aikman Wins A Little More Time

Law360, New York (September 28, 2006, 12:00 AM EDT) -- A federal bankruptcy judge has extended Collins & Aikman Corp.'s exclusive control over its Chapter 11 case by only 30 days, trimming the auto supplier’s 60-day request.

On Monday, Judge Steven W. Rhodes of the U.S. Bankruptcy Court in Detroit extended by a month the company's exclusive period to file a Chapter 11 plan and solicit creditor support.

The semi-successful bid marked the fifth time that Collins & Aikman was granted an extension. The supplier’s exclusivity period was most recently scheduled to expire on Wednesday....
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