Barzel Industries receives exclusivity extension to analyze claims

By Caroline Salls

Pittsburgh, May 11 - Barzel Industries Inc. received an extension to its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to July 12 from April 13 and the solicitation period to Sept. 9 from June 11.

Barzel said it needs more time to review, analyze and reconcile the amount, priority and validity of claims and decide whether a liquidating plan is feasible.

Barzel Industries is a Norwood, Mass.-based operator of a network of manufacturing, processing and distribution facilities in the United States and Canada. The company filed for bankruptcy on Sept. 15, 2009. The Chapter 11 case number is 09-13204.

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