People's Choice Creditors Want To Push Back Clock

Law360, New York (May 27, 2008, 12:00 AM EDT) -- The official unsecured creditors committee of People's Choice Home Loan Inc. has asked the court to give the company more time to file its exclusive plan of reorganization, arguing that the committee should be allowed time to have its plan confirmed.

In a motion filed Friday in the U.S. Bankruptcy Court for the Central District of California, the unsecured creditors said they want to ensure exclusivity until July 31, after solicitation of the plan and a plan confirmation hearing.

According to the motion, the creditors are...
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