Cengage Learning Objection Filed


Cengage Learning filed with the U.S. Bankruptcy Court an objection to its official committee of unsecured creditors’ motion for an order continuing the hearings to consider both the Debtors’ Disclosure Statement and Plan of Reorganization. The objection states, “The Debtors object to the Committee’s request to adjourn the hearing on the Disclosure Statement to October 25, 2013 and delay the plan confirmation timeline. The Adjournment Motion should be denied as it attempts to impose arbitrary restrictions on the Debtors’ ability to conduct these chapter 11 cases in the way they believe is most appropriate and, more importantly, it seeks only to delay as opposed to proposing a definitive timeline for the Debtors’ emergence from chapter 11. As this Court is aware, it is critical that the Debtors’ Chapter 11 cases proceed in an efficient manner and without undue delay to protect the Debtors’ businesses and maximize value of the Debtors’ estates.”

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