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Real Industry Bankruptcy Extension Sought

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Real Industry filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Debtors have the exclusive right to file a Chapter 11 plan and solicit acceptances thereof through and including July 15, 2018 and September 13, 2018, respectively.

The motion explains, “During the upcoming weeks and months, Real Industry will continue to work with major stakeholders to confirm its chapter 11 plan. Similarly, the Real Alloy Debtors will sell their assets and dissolve their estates pursuant to a resolution strategy that has the support of key creditor constituencies. Terminating exclusivity for either Real Industry or the Real Alloy Debtors risks disrupting the delicate status quo that the Debtors have worked so hard to achieve.”

The Court scheduled an April 26, 2018 hearing to consider the extension motion, with objections due by March 30, 2018.

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The post Real Industry Bankruptcy Extension Sought appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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