Ahern Rentals Seeks More Time To File A Restructuring Plan

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.

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.

For more, visit NASDAQ.

Companies in this article
Latest