Global Home Asks For 120-Day Extension

Law360, New York (December 4, 2006, 12:00 AM EST) -- Insolvent housewares maker Global Home Products LLC has asked a bankruptcy court to extend the deadline for its reorganization plan, requesting an additional 120 days to file and solicit creditor approval of the plan.

Global Home, which has already been granted one 120-day extension, asked the court to push the date back to June 2, 2007 to give the company more time to “negotiate an acceptable plan with creditors.”

The company argued that although the 17 Chapter 11 cases against the company have only been pending...
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.