Houston (July 30, 2003) -- Bankrupt energy firm Enron said Friday it has reached a tentative agreement with its creditors.
The energy conglomerate, brought down by accounting scandals that also felled Arthur Andersen, said it would file its Chapter 11 reorganization plan by July 11 if a U.S. Bankruptcy judge approves a short extension to the original June 30 deadline.
"This very short extension; if granted, will allow us to finalize an agreement we have reached in principle between the official representative of all our creditors," and the Enron North America Examiner, interim Chief Executive Stephen Cooper said in a statement.
Enron has asked for several extensions since going bankrupt, and the judge indicated that any further granting of a delay would be final.
-- WebCPA staff
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