Kaiser units seek to extend exclusive periods

By Caroline Salls

Pittsburgh, May 2 - Kaiser Aluminum Corp.'s "liquidating debtors" requested extensions to their exclusive periods to file a plan of reorganization and solicit votes, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The debtors named in the motion are Alpart Jamaica Inc., Kaiser Jamaica Corp., Kaiser Alumina Australia Corp. and Kaiser Finance Corp.

The motion requests the exclusive period to file a plan or reorganization be extended by two months to June 30 and the period to solicit votes on the plan by about 60 days to Aug. 31.

According to the filing, the confirmation of the liquidating plans is scheduled for June. The extension of the exclusive periods is requested to align the exclusive periods with the confirmation.

The motion also cites the size and complexity of the case as cause for extension, saying Kaiser has thousands of potential creditors and employs about 5,800 people.

Kaiser filed for bankruptcy on Feb. 12, 2002 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 02-10429.

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