Delta Financial Seeks More Time To File Ch. 11 Plan

Law360 (March 27, 2008, 12:00 AM EDT) -- Delta Financial Corp. has asked the bankruptcy court to extend its exclusive control of its Chapter 11 proceedings for two months while it puts together a plan of liquidation and told the court that it plans to vacate its headquarters in Woodbury, N.Y., by March 31.

Since filing for Chapter 11 protection on Dec. 17, 2007, Delta Financial and its affiliated debtors have been too busy with bankruptcy-related matters to prepare a plan, the company said in its extension bid, filed Wednesday in the U.S. Bankruptcy...
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