Diamond Plan Administrator Motions for Extension of Claims Objection Deadline; More Than 760 Claims Have Been Made
August 27, 2009
The plan administrator for the Diamond Glass bankruptcy case has
filed a motion with the court requesting an extension of the deadline
to object to claims made in the case. The case, filed in April 2008,
continues to wind down, though the assets of Diamond Glass, now
known as DG Liquidation Corp., were sold to Belron US via an auction
If the motion is passed, the time to object to claims made in the
case will be extended by 90 days-through November 3, 2009; the original
deadline would have been August 5.
In the document, filed earlier this month, Cozen O'Conner, counsel
for the plan administrator Alfred T. Giuliano, notes that more than
760 proofs of claims have been made in the Diamond case.
"Since the effective date, the plan administrator has been
reviewing the claims in order to determine the validity of each
of the claims filed against the estate and comparing the claims
to the extent necessary to the Debtors' books and records,"
reads the recent motion. "The Plan Administrator has determined
he is unable to complete his review and file all Claim objections
by the Claim Objection Deadline. The extension of the Claims Objection
Deadline will also facilitate the Plan Administrator's resolution
of disputes with respect to Claims on a consensual basis and reduce
the cost associated with formal objection to claims."
The details of the claims made have not been released.
HERE for full text of motion.
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