Thread regarding Windstream Corp. layoffs

Unsecured creditors say Windstream agrees to speed up bankruptcy process

In March, Windstream requested the court approve a 270-day extension of their exclusive period to file a plan from June 25, 2019 to March 23, 2020 to then be followed by a 60-day exclusive period to solicit votes for its plan.

That would have meant only Windstream management could file a reorganization plan during that period. After that creditors or hostile acquirers could file competing plans.

Today, the Unsecured Creditors Committee (UCC) responded. They said this was a complex bankruptcy and they understood the need for an extension. At the same time, they said a 270 day extension was too long. They said that Windstream management has agreed to trim their exclusivity request to 180 days (+60 days for voting).

http://www.kccllc.net/windstream/document/1922312190611000000000095

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Post ID: @ZvAagWW

4 replies (most recent on top)

these crooks need more time to get their motivational bonuses.

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Post ID: @ZvAagWW-7uas

That’s a lot of time for customers to

Leave.

Hope you don’t try one of those Rate increases.

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Post ID: @ZvAagWW-3rlj

Re your 270-180=60? comment:

I should have been more clear. It was 270 with another 60 days for soliciting votes.

It’s now going to be 180 days with another 60 days for soliciting votes.

A 90-day reduction in the process.

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Post ID: @ZvAagWW-2grg

270-180 = 60?

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Post ID: @ZvAagWW-2ycn

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