The latest court reports show that telecoms firm Avaya, which filed for chapter 11 bankruptcy in January, has filed a new motion with the bankruptcy court, requesting a third extension to its exclusive debtor plan, Computing reported yesterday. If accepted, the company will be able to solicit acceptances through both the 30th November 2017 and 21st January 2018. Since its second exclusivity extension in late July, Avaya has been able to negotiate a Stipulation of Settlement with the Pension Benefit Guaranty Corp., stating that the company has been able to resolve issues with qualified pension liabilities.
