Hussey Copper secures exclusivity extension; plan draft due April 27

By Caroline Salls

Pittsburgh, April 17 - Hussey Copper Corp. obtained 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's exclusive filing period was extended to May 5 from March 21 and the solicitation period to July 4 from May 20.

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

The order requires Hussey Copper to provide its official committee of unsecured creditors with a draft of its plan of liquidation by April 27.

Hussey, a Leetsdale, Pa.-based copper products manufacturer, filed for bankruptcy on Sept. 27, 2011. Its Chapter 11 case number is 11-13010.

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