VeraSun Scores More Time To Sell Assets, File Plan

Law360, New York (March 6, 2009, 12:00 AM EST) -- The bankruptcy court overseeing VeraSun Energy Corp.'s Chapter 11 proceedings has given the ethanol producer three more months to file its reorganization plan in order to allow the company to complete a proposed sale of most of its assets.

In an order signed Thursday in the U.S. Bankruptcy Court for the District of Delaware, Judge Brendan L. Shannon extended to May 31 the exclusive period for the debtors to file and solicit acceptances of a plan, with automatic further extension through June 30 if the creditors...
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