Torch Offshore plan effective date extended to July 14

By Caroline Salls

Pittsburgh, June 29 - Torch Offshore, LLC extended the expected effective date of its plan of reorganization to July 14, according to a Wednesday filing with the U.S. Bankruptcy Court for the Eastern District of Louisiana.

The company's secured lenders have agreed to the extension.

The plan was confirmed on May 28.

Torch Offshore, a New Orleans-based offshore pipeline installation and subsea construction company working in the oil and natural gas industry, filed for bankruptcy on Jan. 7, 2005. Its Chapter 11 case number is 05-10137.

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