Asbestos Debtor Says Progress Made But More Time Needed To File Chapter 11 Plan

( August 17, 2026, 2:05 PM EDT) -- WILMINGTON, Del. — Former valve maker and current Chapter 11 debtor Valves and Controls US Inc. has asked a Delaware federal bankruptcy judge to give it another month to file an amended plan of liquidation after it had to withdraw its original plan due to a lack of agreement with an asbestos claimants committee on the plan’s proposed asbestos trust....