Westinghouse, Creditors Spar Over Extension For Ch. 11 Plan

Law360, New York (December 5, 2017, 10:39 PM EST) -- Westinghouse Electric Co.’s unsecured creditors are squaring off with the nuclear giant in New York bankruptcy court over who will determine the direction of the company’s Chapter 11, with unsecured creditors saying it’s their turn to take the reins now that Westinghouse is asking for another extension to file its plan.

The statutory unsecured claimholders’ committee on Tuesday disputed Westinghouse’s assertions that it’s been working closely with creditors as it prepares to file a Chapter 11 plan, saying they’ve been shut out of the process and...
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