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Westinghouse sees wrapping up Ch 11 bankruptcy plan by mid-March
November 30, 2017 / 1:21 AM / in 12 days

Westinghouse sees wrapping up Ch 11 bankruptcy plan by mid-March

Westinghouse Electric Co Ltd, the bankrupt U.S. nuclear technology unit of Japan’s Toshiba Corp, sought on Tuesday a court order that would give it through mid-March to file a restructuring plan.

Westinghouse argued it should get a second extension to its so-called exclusive period for filing a bankruptcy plan after working with stakeholders and making substantial progress, according to papers filed on Tuesday.

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