Genco Shipping & Trading Ltd.'s equity committee is asking a judge to put the brakes on the shipper's prepackaged bankruptcy, saying that there could be "a substantial recovery" for shareholders in this case, Dow Jones Daily Bankruptcy Review reported today. The company’s equity-security holders’ committee, which was appointed Friday, requested yesterday that Bankruptcy Judge Sean Lane put off considering confirmation of Genco's bankruptcy plan for at least 45 more days. If granted, the request would double the amount of time Genco had hoped to stay in chapter 11.
