Ahern Rentals Granted More Time to Reorganize

Ahern Rentals Inc. has gained time as it tries to fend off outsiders who might bid for the company in Chapter 11 proceedings.

U.S. District Judge Larry Hicks in Reno stayed a previous bankruptcy ruling that ended Ahern's exclusivity, a shield that permits only the company to file a reorganization plan. After finding little progress had been made in the case and that Ahern's first attempt at a plan fell well short of legal standards, U.S. Bankruptcy Court Judge Bruce Beesley ended exclusivity on Dec. 7.

For more about the status of Ahern Rentals' bankruptcy case...