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.

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.