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Were you affected by the filing delay?
Mr. Buchel attributed the filing delay to "an issue involving accounting treatment" of the company's factory in the Dominican Republic.
News of the filing delay sent A&P's shares tumbling 16%, to $21.07, and they have continued to drop: They are now $19.49.
"While [the] filing delay is not surprising given the previous acknowledgment of the issue, we are concerned with continuing headline risk and administrative costs," he said in a Monday report.
The company also said that if it is forced to repay its debt all at once, it would cause irreparable harm. Beazer cited the fact that both Standard & Poors and Moodys warned that they may downgrade the companys credit ratings after a review because of concern over the filing delay.
Similar(49)
The federal bankruptcy filing delayed the foreclosure and gave Mr. Margolis a chance to find a buyer willing to pay more.
There are potential tax deductions, filing delays, extensions of time and other provisions that may help reduce your taxes, get money back, or get money back faster if you are severely impacted.
By paying the interest, Energy Future Holdings will stave off a Chapter 11 filing, delaying for now what experts in the bankruptcy world expect to be one of the messiest cases in years.
CellStar was delisted from the Nasdaq last summer because of filing delays that resulted from accounting problems.
If you delay filing, then you are merely delaying the start of any compensation for your injury.
The data file open delay for both AutoCAD and MS Word files is significantly longer than the basic Jpeg data type.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com