Calpine Seeks Control Over Ch. 11 Plan Through 2006
The company asked a court Friday for the exclusive right to file a reorganization plan by Dec. 31, and to receive creditor support for the plan by March 31, 2007.
Under Chapter 11 protection, companies are required to offer a reorganization plan to outline how creditors will be paid. An exclusive period allows a company to keep control as it prepares...
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