Former Chrysler seeks brief exclusivity extension to complete plan

By Caroline Salls

Pittsburgh, Nov. 23 - Old Carco LLC, formerly Chrysler LLC, requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend its exclusive filing period to Dec. 30 from Nov. 30 and the solicitation period to March 31 from Jan. 29.

Old Carco said it needs more time to work with its stakeholders to complete its plan in accordance with the terms of a court-approved wind-down agreement.

A hearing is scheduled for Dec. 17.

Old Carco, an Auburn Hills, Mich.-based automotive company, filed for bankruptcy on April 30. Its Chapter 11 case number is 09-50002.

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