Omega Navigation exclusivity hearing, periods on hold until Dec. 5

By Lisa Kerner

Charlotte, N.C., Nov. 10 - Omega Navigation Enterprises, Inc.'s hearing on its motion to extend its exclusivity periods to file and solicit plans of reorganization has been continued to a status conference hearing on Dec. 5, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of Texas.

The exclusivity period is also extended to that date.

As previously reported, Omega asked the court to continue the hearing on approval of its proposed exclusivity extension to Nov. 28, the day of the trial on Omega's senior lenders' motion to dismiss or convert its bankruptcy case.

The debtors wish to extend the period for filing a plan to May 7, 2012 from Nov. 7. They wish to extend the period for soliciting acceptances to July 6, 2012 from Jan. 6.

Omega Navigation is an Athens-based provider of marine transportation services. The company filed for bankruptcy on July 8. The Chapter 11 case number is 11-35926.

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