Yarway granted exclusivity extension to allow review of information

By Caroline Salls

Pittsburgh, Nov. 14 - Yarway Corp. received an extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

Yarway's exclusive filing period was extended through April 17 from Dec. 18 and the solicitation period through June 16, 2014 from Feb. 17.

The company said it has held initial discussions on plan issues with its official committee of unsecured creditors and future claimants' representative.

However, Yarway said the committee and representative need time to review and assess all of the information the company has given them over the past several months.

Yarway, a Boca Raton, Fla.-based industrial valve maker, filed for bankruptcy on April 23, 2013. Its Chapter 11 case number is 13-11025.

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