Adelphia Modifies Plan, Asks To Extend Approval Date

Law360, New York (October 12, 2006, 12:00 AM EDT) -- Adelphia Communications Corp. filed another draft of its fifth amended reorganization plan on Wednesday, and is seeking to extend the date by which the plan has to be approved.

The bankrupt communications company said it expects to file a revised draft of the second disclosure statement supplement to its fourth amended disclosure statement with the updates shortly. The next hearing on the disclosure statement supplement is scheduled for Friday.

The fifth amended reorganization plan would extend the deadline for approval to Dec. 22.

Under the newly...
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