The U.S. Bankruptcy Court approved Sable Natural Resources ‘ motion to extend the exclusive period during which the Company can confirm a plan until December 11, 2017 and obtain approval of a disclosure statement until November 6, 2017.
As previously reported, “On August 14, 2017, this Court entered the Agreed Order Granting in Part and Denying in Part United States Trustee’s Motion to Convert Cased to a Case Under Chapter 7 or, in the Alternative, to Dismiss Case….On August 31, 2017, the Debtor filed its Plan of Reorganization Dated August 31, 2017…he Debtor received comments from the U.S. Trustee and creditors regarding objections to the proposed Plan and Disclosure Statement and has been in negotiations to resolve the objections. Additionally, counsel for Debtor was in a week-long trial the week of September 25, 2017, which trial was continued to October 5 and 6, 2017.”
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