📅 - Troubled Web hosting company Globix Corp. (globix.com) said Thursday that will delay the filing date of its Chapter 11 bankruptcy petition until next week, at the request of a committee of its noteholders,reports Reuters.
Globix, which was expected to begin bankruptcy proceedings this week, saidthe delay will allow continued discussions in the company's London headoffice. The informal committee and the landlord of Globix House, the principaloffice, are in discussions over modifying Globix's long-term lease andsurrendering a "significant" portion of the premises, the company said. The company's creditors and preferred stockholders have already accepted itsreorganization plan and says it still expects to emerge from bankruptcy bythe end of March. The reorganization plan should not be affected by thedelay, Globix said.
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