Sea Containers Asks For Extension To File Plan

Law360, New York (May 21, 2007, 12:00 AM EDT) -- Bankrupt Sea Containers Ltd. has asked a judge for more time to file its reorganization plan, saying that the time isn't right to file a plan because some matters still need to be resolved.

“Without a resolution (or a path to resolution) of the inter-company claims and other issues, it is premature to engage the creditors' committees in a negotiation regarding a Chapter 11 plan,” the company said in a motion filed Friday in the U.S. Bankruptcy Court for the District of Delaware.

Sea Containers is...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.