Court Extends Sea Containers Filing Deadline

Law360, New York (January 16, 2007, 12:00 AM EST) -- A U.S. Bankruptcy Court judge has granted foundering passenger and freight company Sea Containers Ltd. an extention to file a reorganization plan.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware approved a 120-day extension, which gives Sea Containers the exclusive right to propose a Chapter 11 reorganization plan until June 12. The company now has until Aug. 11 to solicit creditors for a plan and until May 13 to assume or reject its real property leases.

Sea Containers and two...
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