Trinity River Resources exclusive plan period extended until Dec. 1

By Caroline Salls

Pittsburgh, Sept. 30 – Trinity River Resources, LP obtained an extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to an order filed Friday with the U.S. Bankruptcy Court for the Western District of Texas.

Trinity River’s exclusive filing period was extended to Dec. 1 from Aug. 19 and the solicitation period to Jan. 30.

According to the motion, the extension is designed to give Trinity’s independent manager time to carry out his duties.

“To take away the debtor’s [exclusivity] right now would cut the debtor off prematurely,” the motion said.

Trinity River is an Austin, Texas-based oil and gas company that filed bankruptcy on April 21. The Chapter 11 case number is 16-10472.

© 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.