Judge
Robert Drain, the bankruptcy judge handling Delphi Corp.'s Chapter 11 case, has
granted the parts maker more time to modify its plan for emerging from
bankruptcy.
According
to a report from the Detroit Free Press, Drain approved a motion that
gives Delphi until the end of January to file its plan without the involvement
of its creditors. The company was previously trying to meet a deadline of Oct.
31.
Drain
also approved a motion to allow Delphi and members of its creditor and equity
holder committees to take part in discussions about how the company's
bankruptcy exit will be financed, the Free Press report said.
