Ahern Rentals Seeks More Time To File A Restructuring Plan

Ahern Rentals Inc. said it needs more time to develop a plan to get out of bankruptcy, as the construction equipment renter continues to deal with the effects of the housing market collapse.

In a Friday filing with U.S. Bankruptcy Court in Reno, NV, lawyers for Ahern said the company wants until Aug. 20 to file a plan without the threat of rival proposals and until Oct. 19 to poll its creditors on the plan. Without a court's approval of its request, Ahern's exclusive period to file its own plan and solicit votes would end in April and June, respectively.

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