Cadence Innovation requests three-month exclusivity extension

By Caroline Salls

Pittsburgh, April 23 - Cadence Innovation LLC requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company wants to extend its exclusive plan-filing period to July 22 from April 23 and the solicitation period to Sept. 21 from June 22.

The company said the extension will give it "a reasonable opportunity" to continue the liquidation and wind up of its estates and to negotiate the terms of a plan.

A hearing is scheduled for May 15.

Cadence, a Troy, Mich.-based auto parts supplier, filed for bankruptcy on Aug. 26, 2008. Its Chapter 11 case number is 08-11973.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.