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***Business Bankruptcy Headlines for 9/30/2002***
Enron Extension Sought
Enron Corp. filed a motion seeking U.S. Bankruptcy Court approval of an
extension of the exclusive period during which the Company can file a plan
of reorganization and solicit acceptances thereof until January 31, 2003 and
April 1, 2003, respectively. The Company’s motion asserts, "While [the
Company] joins its creditors' desires to complete the Chapter 11 plan
process as quickly and efficiently as possible, in these circumstances the
requested extension will facilitate, rather than delay, the confirmation of
workable plans."
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