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U.S. Energy Biogas Seeks Exclusivity Extension

Law360 (March 30, 2007, 12:00 AM EDT) -- U.S. Energy Biogas, which said it was driven into Chapter 11 by an onerous loan agreement, has filed court papers seeking a month-long extension of its exclusive right to file a reorganization plan.

U.S. Energy Biogas’ exclusive right to file a Chapter 11 plan with the Manhattan bankruptcy court overseeing its restructuring are slated to expire on March 29, 2007.

If U.S. Bankruptcy Judge Robert D. Drain signs off on the company’s proposed order, those exclusive rights will be extended through April 30, 2007. A hearing...
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