Owens-Illinois Debtor Seeks Extensions To Develop Consensual Reorganization

Mealey's (August 14, 2020, 4:33 PM EDT) -- WILMINGTON, Del. — Owens-Illinois Inc. affiliate and Chapter 11 debtor Paddock Enterprises LLC on July 31 sought more time in Delaware federal bankruptcy court to file a plan of reorganization, saying the extension will give the company "a full and fair opportunity to negotiate and propose a consensual plan without the distraction, cost and delay of a competing plan process" (In re Paddock Enterprises, LLC, No. 20-10028, D. Del. Bkcy.)....