PTC Seamless Tube receives OK to postpone auction date by one week

By Mark Reccek

Bethlehem, Pa., Aug. 18 – PTC Seamless Tube Corp.’s request to reschedule the auction and sale hearing date for the sale of its assets was approved, according to an order issued Tuesday by the U.S. Bankruptcy Court for the Western District of Pennsylvania.

The auction and sale hearing have been rescheduled to Sept. 24.

As previously reported, the company requested the date be rescheduled to “accommodate the schedules of the debtors’ management, who may otherwise be unavailable on Sept. 17, and a prospective bidder, whose representatives are also unavailable to be in Erie on Sept. 17.”

PTC Seamless is a Wexford, Pa.-based steel tubing mill construction project that filed for bankruptcy on April 26. The Chapter 11 case number is 15-21445.

© 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.