Solutia Pleads For More Time To File Ch. 11 Plan

Law360, New York (October 2, 2006, 12:00 AM EDT) -- Solutia Inc. has asked a federal bankruptcy judge to again extend the exclusivity period to file a reorganization plan six months to April 10, 2007.

Solutia, a maker of glass, nylon and other specialty products, also asked the judge on Thursday to move the deadline for lobbying for creditor acceptance of the plan to June 11, 2007.

The disclosure statement hearing is currently scheduled for Nov. 16, 2006.

Solutia has won eight extensions on the exclusive period, which has now lasted three years since the petition...
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