Hussey Copper seeks exclusivity extension to work on plan, wind down

By Caroline Salls

Pittsburgh, March 20 - Hussey Copper Corp. is seeking an extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive filing period to May 5 from March 21 and the solicitation period to July 4 from May 20.

Hussey Copper said it has complied with a requirement in a previous exclusivity extension order to provide its official committee of unsecured creditors with a draft plan of liquidation by March 14.

According to the filing, the requested extension will give the company time to work toward a consensual plan, resolve claim issues and liquidate and wind down its operations.

A hearing is scheduled for April 30.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.