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.