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Ahern Rentals Receives Exclusivity Extension for One Month

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Ahern Rentals Inc. will retain sole control of its Chapter 11 bankruptcy case for another month amid continuing friction with lenders, the Las Vegas Review-Journal reported today. Bankruptcy Judge Bruce Beesley ordered Ahern to show the first draft of its reorganization plan to lenders in three weeks to try to push the case forward. The construction equipment leasing company filed the chapter 11 case in December but has made only halting headway in coming up with a financial blueprint to escape bankruptcy. The judge's action now sets the new deadline at Nov. 30, with the possibility of additional time to round up votes for a plan if it has officially put on the table.