HTN: Delphi gets Bankruptcy Extension

Delphi, which owns a plant in Lockport, has been thrown a financial lifeline in bankruptcy court. The company has been granted more time to submit a plan for restructuring. Had Judge Robert Drain not approved the move, Delphi's parent company might have had to liquidate its assets. Delphi now has until May 4th to reveal its restructuring plan to its lenders. The struggling company has been under Chapter 11 bankruptcy protection since October of 2005.