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Post by busted1964 on Sept 5, 2012 19:36:17 GMT -5
Can the POR be extend?
Pro had said it could not be extended.
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Post by Admin on Sept 5, 2012 19:47:31 GMT -5
I believe it can, and will be extended.
And the Exclusivity too.
SBG
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Post by mglassma on Sept 5, 2012 19:48:49 GMT -5
It is up to Gropper.
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Post by micgrow on Sept 5, 2012 20:51:48 GMT -5
Language of the POR is sure depending on the outcome of the sale. For this reason I would believe it only natural it be extended due to the length of the planned sale date extension so far. Who knows we may keep extending past the scheduled POR release date. All I know is that all things are in the best interest of the creditors. IMO Kodak has publically announced the sale of many property's and divisions of the company. I would assume it will be extended as long as needed for the sale of some or all extends to cover the debts. I don't see how a company can say they are putting assets for sale to reorganize and not have the courts approval to award the creditors and debt holders their full value. This may take additional time but if they don't approve this, they are not doing their job as a bankruptcy judge.
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Post by microking on Sept 6, 2012 5:31:00 GMT -5
Exclusivity period can be extended up to 18 months. After that anyone can file a POR. Once the POR is announced there will be a hearing if objections are filed. Then you have the vote on POR. Then the hearing for judges approval or denial, Gropper has the final word.
If nothing gets done by Oct. 15 then we are in the holidays and this process will continue into 2013. We are early in the process of BK.
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