Barzel Industries granted exclusivity extension to review claims

By Caroline Salls

Pittsburgh, Aug. 19 - Barzel Industries Inc. received an extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive filing period was extended to Oct. 11 from July 12 and the solicitation period to Dec. 8 from Sept. 9.

Although it has made progress in the claims review process, Barzel said it needs more time to analyze and reconcile remaining claims and decide whether or not a liquidating plan is feasible.

Barzel Industries is a Norwood, Mass.-based operator of a network of manufacturing, processing and distribution facilities in the United States and Canada. The company filed for bankruptcy on Sept. 15, 2009. The Chapter 11 case number is 09-13204.

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