Delphi Corp.’s next U.S. Bankruptcy Court hearing on Jan. 5 reportedly is postponed until Jan. 11 to allow critics more time to compose arguments regarding the supplier’s proposed $3.4 billion and $4.7 billion refinancing plans from competing equity groups led by Appaloosa Management LP and Highland Capital Management LP, respectively. The Jan. 11 hearing also will review Delphi’s proposed 6-month extension for its deadline to file a formal plan of reorganization. If approved, the deadline ...

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