Laserfiche WebLink
C <br />eubstent lal progress torard reeonclllnq these claims rich the <br />Debtors books and records end ldenti [ying necessary objections. On <br />April ~, 1991, Deb to re [lied notice o[ their Intent to object to a <br />request for payment of adminls[Tetive expenses tl]ed by Fireman's <br />Fund Insu rents Comps ny rhlch has not been set [or hearing. <br />7. Investor Search. Debtors, rlth the assists nce of <br />f<hman Brothers, have continued their e[[orie to locate en investor <br />rilling to supply capital necessary to ensure Debt ore' continued <br />vlabil lty es a nano lecturer o[ creel products. Although the <br />economy end the state o[ the steel lndu st ry In general have not <br />been favorable to [lndiny en lnveator, Debtors have had sufiic tent <br />expreasl ons of interest to ehor chat [ur[her pu rsult o[ an investor <br />is approDrlate. <br />8. Cause for E tens on of Exclusive Periods. Debtors' <br />seek a second extension o[ the Exclusive Periods In order to <br />maintain rhat has been to dote a posltlve end ef[ic lent <br />rcorganizetlon process 1n rhlch pertles !n interest have made <br />substentlal progress torard underetending and resolving the <br />dlf[lcult lasuee presented in these cases. Debtors believe that <br />their course o[ seeking a negotleted consensual plan o[ <br />reorganization le In the best lntereet o[ creditors end the estate <br />and that sn add ltlonal extension o[ the Exclus Iva Perlods rill <br />sestet part.f ee In interest In reaching a consensual plan. <br />rHEREFORE, for the reasons set forth sbove end in the <br />manors ndun of lsr submitted in connection rich the Debtors' [Irst <br />motion for extension o[ the Exclusive Periods (Docket Number 776), <br />17 <br />Debtors move the Court for a further extension o/ the Exclusive <br />Perlods es requested above. <br />DATED this 71st day of May, 1991. <br />I,eBOEUF, LAMB, LEi BY i MacME <br />~ /ytl....l~- <br />By: <br />alp H. Ma bey <br />~ SteJ n J. McCa rdel/ <br />Penrod r. Keith <br />]000 Kearns Bui ldl nq <br />176 South Mein Street <br />Salt In ke Clty, U[ah 91101 <br />Telephone: (901) 755-6900 <br />Frank Cummings <br />Eunice L. Bumge rdner <br />1]]7 Ner Hempshl re Avenue, N.N. <br />Nash ington, DC 200)6 <br />telephone: 1707) 057-7500 <br />Counsel for Debtors <br />Michael M. Corlden <br />CFI Steel Corporation <br />735 Canal Street <br />P.O. Box ]16 <br />Pueblo, Colorado 91003 <br />Telephone: (719) 561-710] <br />in-House Counael for Debtors <br />11 <br />