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...
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