Spiegel Gets Reorganization Plan Extension

U.S. bankruptcy court judge Cornelius Blackshears in New York has given Spiegel, which has been operating in Chapter 11 since March 17, until May 10 to file its plan on how it intends to emerge from bankruptcy protection. Spiegel’s plan, which had been due Feb. 10, will now need approval from creditors by July 9. The extension is Spiegel’s third since the original filing. In the filing, Spiegel listed its assets at $1.74 billion and debts of $1.71 billion.

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