Dura Wins Extra Time To File Bankruptcy Exit Plan

Law360, New York (May 31, 2007, 12:00 AM EDT) -- A bankruptcy judge has given Dura Automotive Systems Inc. extra time to propose a plan for emerging from Chapter 11, saying the extension is essential to the continuance of the company's operations.

The grace period, which runs out on Sept. 30, gives the bankrupt auto parts supplier another four months to file a reorganization plan free of competing plans. The company has until Nov. 30 to solicit votes in support of a plan.

This is the second order issued to Dura by Delaware bankruptcy judge Kevin...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.