Tower Lobbies Court For 60 More Days To Submit Plan

Law360, New York (August 7, 2006, 12:00 AM EDT) -- Citing the size and complexity of its Chapter 11 case, Tower Automotive Inc. has asked the bankruptcy court to allow it to retain sole control over its reorganization for an additional two months.

Tower filed an extension request with the U.S. Bankruptcy Court for the Southern District of New York on Friday, seeking until Oct. 25 to submit a restructuring plan.

Under bankruptcy law, companies must turn in a Chapter 11 plan mapping out how creditors will be paid. Exclusive periods bar other parties from filing...
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