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Westech Capital Extension Approved

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The U.S. Bankruptcy Court Westech Capital’s Chapter 11 trustee’s emergency motion for abatement of the hearing to consider the Company’s First Amended Plan and related Disclosure Statement and a request for an imposition/extension of exclusivity.

The order states, “The Debtor’s First Amended Plan and Disclosure Statement are removed from the Court’s calendar. The Trustee is granted a period of exclusivity until October 30, 2016, to file a plan, and until January 31, 2017 to obtain acceptances of such plan. During that time, no other party may file a plan.”

Read more Westech bankruptcy news.

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