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Loral's solicitation period extended to March 31
By Jeff Pines
Washington, Jan. 11 - Loral Space & Communications Ltd obtained its requested extension of its exclusive solicitation period to March 31, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.
Its exclusive period was scheduled to end Dec. 27 and with the hearing on Loral's disclosure statement adjourned until Jan. 11, the New York-based satellite company needed more time, it said in paperwork previously filed with the court.
Loral said it was working with its creditors' committee, the ad hoc committee of trade creditors and investment firm Angelo Gordon & Co. Inc. to resolve issues raised at the disclosure statement hearing.
Loral filed for bankruptcy on July 15, 2003. Its Chapter 11 case number is 03-41710.
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