American Plumbing & Mechanical delays confirmation hearing to allow more talks

New York, May 26 - American Plumbing & Mechanical, Inc. said it and its creditors committee have agreed to delay the confirmation hearing for the company's plan of reorganization to June 16-18.

The delay is to allow more time to reach agreement on a consensual plan, the company said.

"We view this as a positive development in our efforts to reorganize. We have always been confident that a consensual plan offers the best opportunity to deliver the highest possible value to our economic stakeholders and to continue the highest level of service to our customers in our core businesses," said American Plumbing's chairman and chief executive officer Robert Christianson in a news release.

The hearing had been scheduled for May 26.

American Plumbing is a Round Rock, Texas residential plumbing, heating ventilation and air conditioning contractor.

It filed for Chapter 11 on Oct. 13, 2003.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.