School Specialty Hearing Delayed By Ch. 11 Plan Changes

Law360, Wilmington (April 22, 2013, 10:34 PM EDT) -- Bankrupt educational supply company School Specialty Inc. on Monday agreed to extend a hearing on its disclosure statement by two days after last-minute changes to its Chapter 11 plan brought opposition from parties claiming they had not had enough time to consider the deal.

School Specialty submitted an amended disclosure statement Friday and worked out additional changes to the plan with creditors over the weekend that are still being formalized, debtors' counsel Jeffrey D. Saferstein said Monday in Delaware bankruptcy court.

The weekend changes on the...
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