Former Hussey Copper requests 75-day extension of exclusive periods

By Caroline Salls

Pittsburgh, Jan. 19 - HCL Liquidation Ltd., formerly Hussey Copper Ltd., is seeking an extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Jan. 19 filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend its exclusive filing period by 75 days to April 9 from Jan. 25 and the solicitation period by 75 days to June 8 from March 25.

HCL said it is requesting the extension so it can monetize remaining assets, complete the transition of its books and records, address employee-related issues and analyze claims.

The company said it also needs enough time to consider plan structure alternatives.

A hearing is scheduled for Feb. 27.

Hussey, a Leetsdale, Pa.-based copper products manufacturer, filed for bankruptcy on Sept. 27. Its Chapter 11 case number is 11-13010.

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