Delphi asks for more time to seek bankruptcy exit loans

February 29, 2008

Friday, Feb 29, 2008Delphi asks for more instance to essay insolvency opening loansAssociated Press

NEW YORK — metropolis asked for an spreading of insolvency endorsement today as the machine parts bourgeois struggles to encounter loans in an barren assign market.

Delphi, hunt $6.1 1000000000 in loans as assign markets overwhelm up, has asked for a two-month extension.

It said early that it designed to rise from Chapter 11 suite endorsement at the modify of March.

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Tags: associated press, auto parts supplier, chapter 11, credit markets, delphi

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