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Judge Extends Toisa's Plan Deadline After Hyundai Deal

Law360, New York (January 10, 2018, 9:28 PM EST) -- A New York bankruptcy judge Monday gave offshore oil servicer Toisa Ltd. another 10 days to solicit it debtors for approval of its Chapter 11 plan.

U.S. Bankruptcy Shelley C. Chapman extended the end of Toisa’s exclusive plan solicitation period from Jan. 8 to Jan. 18 after a request by the company, which operates a fleet of offshore oil service vessels.

Counsel for Toisa did not immediately respond to requests for comment Wednesday.

Toisa — which operates a fleet of 26 offshore oil service vessels, 13...
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