Subcontractor’s Chapter 11 Exclusive Periods Extended Over Objections Of Insurers

( March 24, 2025, 9:37 AM EDT) -- RICHMOND, Va. — A Virginia federal bankruptcy judge has given defunct ship subcontractor and Chapter 11 debtor Hopeman Brothers Inc. more time to file its bankruptcy plan despite objections by two of the company’s insurers, which say Hopeman’s new proposal to ditch its plan of liquidation in favor of a reorganization plan with an asbestos trust is unworkable and would be a waste of the estate’s limited funds....

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