Tower Automotive Files For Eighth Extension

Law360, New York (November 22, 2006, 12:00 AM EST) -- Tower Automotive Inc. is seeking an extension of its deadline to file a reorganization plan, the eighth such request filed by the company since it entered Chapter 11.

The company has asked the bankruptcy court to extend the deadline from Nov. 29 to Feb. 2. If approved, the deadline for lobbying for creditor approval would move from Jan. 25 to March 30, according to court documents.

Judge Allan Gropper of the U.S. Bankruptcy Court for the Southern District of New York will consider the request during...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.