Las Vegas Monorail bond trustee agrees to exclusivity extension

By Lisa Kerner

Charlotte, N.C., July 22 - Las Vegas Monorail Co.'s revenue bonds indenture trustee has agreed to an extension of the company's exclusive plan of reorganization filing period to Aug. 6, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Nevada.

The company provided the trustee with an initial draft of a proposed plan on May 25.

If an acceptable plan is not filed by Aug. 6, the trustee reserved the right to object to any further exclusivity extension and to ask the court to reconsider the extension.

The company, a Las Vegas non-profit monorail operator, filed for bankruptcy on Jan. 13. The Chapter 11 case number is 10-10464.

© 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.