AOL Latin America Seeks Delay On Chapter 11 Plan

Law360, New York (February 10, 2006, 12:00 AM EST) -- Bankrupt AOL Latin America Inc. has asked a federal court to delay ruling on the company’s reorganization plan for two months so that the company can court votes approving the plan from its unsecured creditors.

The extension would allow AOL's Latin American unit to solicit creditor support for its liquidation plan without the distraction of alternative plans, the U.S.-based holding company said in court papers.

The proposed Chapter 11 reorganization and liquidation plan, originally scheduled for March 21, promises unsecured creditors to recover the full amount...
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