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LyondellBasell Gets Extension to File Reorganization Plan

10:17 AM MST | January 22, 2010 | Lindsey Bewley

The U.S. Bankruptcy Court for the Southern District of New York has granted LyondellBasell more time to file exclusively its plan of reorganization. Judge Robert Gerber extended until April 15 LyondellBasell’s deadline to complete its reorganization plan, during which time other parties will be barred from filing competing plans. LyondellBasell wants the exclusive right to file its reorganization plan to prevent its creditors from submitting competing plans. The company had previously asked the court to extend the deadline until September 6 to give the firm...

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