Telecommunications company Avaya Inc is seeking an additional 60 days to file a Chapter 11 bankruptcy restructuring plan, arguing in court papers the extra time will help it craft a plan its stakeholders can support.
An extension through Sept. 16 to its exclusivity period, which gives Avaya sole authority to file a plan, will help pave the way for a successful conclusion to talks with stakeholders in the "near term," the company said in its papers filed on Tuesday.
Lets face it they are doomed.....