Lee Steel exclusive plan period extended to Sept. 30 via stipulation

By Caroline Salls

Pittsburgh, Aug. 4 – Lee Steel Corp.’s exclusive period for filing a Chapter 11 plan and related disclosure statement was extended under a stipulation with its official committee of unsecured creditors, according to a Tuesday filing with the U.S. Bankruptcy Court for the Eastern District of Michigan.

Specifically, the exclusive filing period was extended to Sept. 30. However, if Lee Steel files a plan by that date, its exclusivity will be extended to Nov. 24.

Lee is a Novi, Mich., steel maker that filed for bankruptcy on April 13. The Chapter 11 case number is 15-45784.

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