Pacific Lumber Seeks Another Exclusivity Extension

Law360, New York (August 27, 2007, 12:00 AM EDT) -- The Pacific Lumber Co. and its bankrupt subsidiaries have asked the bankruptcy court overseeing their Chapter 11 proceedings for 90-day extensions of their exclusive rights to file and to solicit support for a reorganization plan, pointing out that consultants have nearly completed their appraisal of the debtors' real estate holdings and timber harvest rights.

The Pacific Lumber Co., along with fellow debtors Scotia Development Company LLC, Brit Lumber Co. Inc., Salmon Creek LLC, Scotia Inn Inc. and Scotia Pacific Company LLC, filed their extension motion Friday...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.