Trinity Coal requests exclusivity extension to avoid competing plans

By Caroline Salls

Pittsburgh, Sept. 4 - Trinity Coal Corp. requested a 45-day extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the Eastern District of Kentucky.

The company wants to extend its exclusive filing period to Nov. 14 from Sept. 30 and the solicitation period to Jan. 13 from Nov. 29.

Trinity Coal said the hearing for approval of the disclosure statement filed on Aug. 15 is scheduled for Sept. 19. The company said it will request an Oct. 17 plan confirmation hearing.

Since the current exclusive filing period expires on Sept. 30, Trinity Coal said the debtors are requesting the exclusivity extension "to avoid the risk and distraction of possible competing Chapter 11 plans during the time period in which they are seeking to have the plan confirmed."

Trinity, a Scott Depot, W.Va.-based coal mining company, was brought into involuntary bankruptcy on Feb. 20, 2013. Its Chapter 11 case number is 13-50364.

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