Law360, New York (December 7, 2007, 12:00 AM EST) -- Sea Containers Ltd.'s creditors committee has not opposed the company’s request for a two-month extension of its exclusive right to submit a plan for reorganization, but the committee did dispute the company’s contention that a final settlement is near.
The Official Committee of Unsecured Creditors of Sea Containers Services Ltd. filed a response to Sea Containers' Nov. 21 motion to extend its exclusivity period on Thursday in the U.S. Bankruptcy Court for the District of Delaware.
Should Sea Containers' motion be approved, the company's exclusivity period...
Creditors Dispute Sea Containers's Optimism
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