Case No. 04-37512-JS, Adversary No. 06-1880.United States Bankruptcy Court, D. Maryland, (Baltimore Division).
July 10, 2007
Scott W. Foley, Bar No. 25963, Shapiro Sher Guinot Sandler, Baltimore, MD, Maximino Medina, Esquire, Zeldes, Needle Cooper, P.C., Bridgeport, CT, Attorneys for Pace Motor Lines.
Aryeh E. Stein, Bar No. 24559, Whiteford Taylor Preston LLP, Baltimore, MD, Attorneys for The Air Cargo, Inc. Litigation Trust.
SECOND JOINT STIPULATION EXTENDING TIME TO RESPOND TO THE AIR CARGO, INC. LITIGATION TRUST’S MOTION FOR JUDGMENT BY DEFAULT
JAMES SCHNEIDER, Bankruptcy Judge
WHEREAS, on December 7, 2004, Air Cargo, Inc. (the “Debtor”) filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code;
WHEREAS, on or about May 19, 2006, the Bankruptcy Court entered an order confirming the Debtor’s Plan (the “Plan”), effective June 14, 2006;
WHEREAS, pursuant to the Plan, the Litigation Trust was established to, among other things, liquidate the remaining assets of the Debtor, prosecute causes of action, and resolve claims filed against the Debtor;
WHEREAS, Martin T. Fletcher is the trustee of the Litigation Trust (the “Trustee”);
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WHEREAS, on November 25, 2006, the Trustee filed a Complaint for Damages to Avoid Fraudulent Conveyances, Recover Property and for Related Relief, which was subsequently amended (the “Complaint”) against Pace Motor Lines (the “Defendant”);
WHEREAS, on May 16, 2007, the Trustee filed a Motion for Judgment by Default (the “Motion”) [Docket No. 10]; and
WHEREAS, on June 8, 2007, the Defendant filed an answer to the Complaint [Docket No. 15];
WHEREAS, the parties previously agreed to extend for the Defendant to respond to the Motion through and including July 9, 2007; and
WHEREAS, the parties have agreed to further extend the time within which the Defendant has to respond to the Motion to and including July 20, 2007 so that the parties can continue to explore settlement.
IT IS HEREBY STIPULATED AND AGREED BY THE PARTIES THAT:
The deadline for the Defendant to file a response to the Motion in the above-captioned case is hereby extended to and including July 20, 2007;
SO ORDERED