Revstone Industries LLC will continue to control its bankruptcy case for at least two more months as it seeks to auction a group of its assets, Dow Jones Newswires reported on Friday. Bankruptcy Judge Brendan Shannon said on Thursday that Revstone will have the exclusive right to file a chapter 11 plan until July 31 and can solicit support for that plan until Sept. 30. Creditors, including General Motors Co. and the U.S. Department of Labor, have requested that the court appoint a chapter 11 trustee to administer the case going forward, arguging that it was Revstone's mismanagement that landed it in bankruptcy to begin with.
