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, <br /> <br />sigr.ificar.t ne:a car_tal to permit them to update and r„adernize <br />their operations. Even after deterninations are made try Debtors <br />cn Y:c~,; to rescl/e pension liability issues with their z•etirees, <br />employees, ur.icns, and the Pension Benefit Guaranty Coz•poration <br />("PaGC"), and on how to proceed in the reorganization of business <br />operations, creditors and other parties in interest will need <br />substantial time to review and evaluate the proposed resolution <br />of issues by Debtors and to make an informed decision on <br />acceptance or rejection of Debtors' proposals. Therefore, ar. <br />extension of the Exclusive Periods is necessary to afford Debtors <br />the opportunity to complete this process. <br />The bar date for filing claims against Debtors (other than <br />claims by current and former employees arising under a collective <br />bargaining agreement, for which there is currently no bar date) <br />is March 14, 1991. Debtors will likely need a substantial amount <br />of time following this date to review and evaluate claims. <br />D. Debtors' Progress in their Cases to Date Warrants an <br />Exter.sicn of the Exclusive Periods. Aside from the size and <br />complexity of Debtors' cases, an extension of the Exclusive <br />Periods is justified by Debtors' progress in the resolution of <br />issues facing their estates. See, e.a., In re McLean Industries, <br />s:~, 87 Bankr. at 835; In re Texaco, supra, 76 Bankr. at 327; <br />In re Pine Run Trust, supra, 67 Bankr. at 432; In re Swatara Coal <br />Co_, 49 Bankr. 898, 899-900 (Bankr. E.D. Pa. 1985). The record <br />o:E these cases, as outlined in the Motion, demonstrates that <br />Debtors are making substantial progress in resolving i..^..~ortant <br />issues. <br />8 <br />