Judge gives Dixie bankruptcy reorganization extension. (Dixie Brewing Co.)

Judge gives Dixie bankruptcy reorganization extension

A New Orleans, LA, bankruptcy court judge last week granted Dixie Brewing Co. another 60 days to draft a bankruptcy reorganization plan, but warned that the new deadline is final.

Dixie filed for Chapter 11 bankruptcy protection from its creditors in May 1989. It was given 120 days to submit a reorganization plan. But as is common in bankruptcies, it received extensions of the 120-day period.

But when Dixie asked last month for another extension--until at least mid-August--one of its largest cred