Revstone Seeks Extra Time To File Exclusive Ch. 11 Plan

Law360, Wilmington (April 1, 2013, 9:48 PM EDT) -- Revstone Industries LLC on Monday asked a Delaware bankruptcy judge to extend the exclusivity period for it to file a Chapter 11 plan, a move that would give the auto parts conglomerate continued control over its frequently contentious bankruptcy.

The manufacturer’s actions have come under scrutiny from a variety of constituencies, including the official committee of unsecured creditors that has sought to have a Chapter 11 trustee appointed and received court-approval to launch an investigation of Revstone founder and Chairman George Hofmeister over suspicions that he...
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