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Barzel Industries requests exclusivity extension to review claims
By Caroline Salls
Pittsburgh, July 12 - Barzel Industries Inc. requested an extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.
The company wants to extend its exclusive filing period to Oct. 11 from July 12 and the solicitation period to Dec. 8 from Sept. 9.
Although it has made progress in the claims review process, Barzel said it needs more time to analyze and reconcile remaining claims and decide whether or not a liquidating plan is feasible.
A hearing is scheduled for Aug. 20.
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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