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Otter Tail seeks 60-day extension to garner support for its plan
By Lisa Kerner
Charlotte, N.C., April 8 - Otter Tail AG Enterprises, LLC requested a 60-day extension to its exclusive periods to obtain acceptances for its plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Minnesota.
The company wants to extend its exclusive solicitation period to June 27 from April 28.
A hearing has been scheduled for April 22.
Otter Tail said it filed its proposed plan of reorganization and disclosure statement on Feb. 25.
The disclosure statement hearing is scheduled for May 12.
Otter Tail, a Fergus Falls, Minn., ethanol company, filed for bankruptcy on Oct. 30. Its Chapter 11 case number is 09-61250.
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