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Tower Asks For Three More Months To File Plan

Law360 (January 22, 2007, 12:00 AM EST) -- Seeking more time to file its exclusive plan for reorganization, Tower Automotive Inc. has asked the bankruptcy court to prolong its plan proposal time to May 3.

A hearing for Judge Allan L. Gropper to consider the extension is scheduled for Jan. 30 in the U.S. Bankruptcy Court for the Southern District of New York. If the extension is not granted, Tower’s exclusivity period will end on Feb. 2.

The motion, filed Thursday, asks for Tower to have until June 29 to solicit approval of the...
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