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WEIRTON, W.VA. – Weirton Steel Corp. officials said they welcome a federal bankruptcy judge’s decision today to provide the company an additional three months to finalize its plan of reorganization. Judge L. Edward Friend approved the company’s motion to extend the deadline from Sept. 16 to Dec. 15. Weirton Steel filed a voluntary petition for bankruptcy protection on May 19. Companies have 120 days to submit a reorganization plan, but can request an extension. The company filed a motion on Sept. 5 to extend the deadline with the bankruptcy court located in Wheeling, W.Va. There were no objections to the motion. "Our request to the court is very common for large and complex corporations such as Weirton Steel. We appreciate the judge’s decision which provides us with additional time to develop our plan and to complete various required tasks through the bankruptcy system," said Gregg Warren, company director–corporate communications and government relations. Weirton Steel is the fifth largest U.S. integrated steelmaker and the nation’s second largest producer of tin mill products
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