Delphi Recieves Extension In Reorganization Filing
Delphi, which filed for Chapter 11 bankruptcy protection in October 2005, originally had a February deadline to present the plan to the U.S. Bankruptcy Court for the Southern District of New York. Court-issued extensions for reorganization plans are not uncommon in bankruptcy proceedings.
As a result of the extension, a vote by Delphi’s creditors to approve the plan has been pushed backed...
To view the full article, register now.