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Vance quoted in Bankruptcy Law 360 article
April 25, 2006

Jones Walker partner R. Patrick Vance was quoted in an article titled “Entergy Wins More Time For Debt Repayment Plan,” which appeared in Bankruptcy Law 360 on April 19, 2006.  The article reports that a federal bankruptcy judge has given Entergy New Orleans Inc. until August 21 to submit a Chapter 11 plan of reorganization and until October 18 to gain the support of its unsecured creditors, who opposed the extension request and sought the right to propose their own reorganization plan.  "The court has been sympathetic to ENOI’s dilemma, but at the same time does not want the company to sit on its hands," Mr. Vance is quoted as saying.  "Our pitch to the court was that we need better information about the recoveries ENOI may receive from the Community Development Block grants in order to file the best possible reorganization plan,” he said. “But it’s an unpredictable process given that Congress and the Louisiana Recovery Authority have to appropriate and allocate the money first.”  To read the entire article, click here.