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Tribune Wants Until March 31 to Craft Bankruptcy Plan

Nov 16, 2009  •  Post A Comment

Tribune Co. on Friday asked a bankruptcy court judge to give it until March 31 to work out its plan to exit Chapter 11 bankruptcy proceedings before other parties can weigh in, the Chicago Tribune reports.

The move, the paper said, is a sign that the reorganization efforts are being slowed by infighting among the various creditors. Management previously had only until the end of this month to work out its own plan before the creditors would be allowed to put forth options.

–Elizabeth Jensen

 

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