WILMINGTON, Del. (AP) — A California-based solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is close to filing a proposal for what to do next. An attorney for Solyndra LLC told a Delaware judge Friday that he expects to file a bankruptcy plan in the next two or three weeks, and that Solyndra has reached an agreement in principle with a majority of its major creditors. Solyndra has failed to find a buyer to operate the company and is liquidating its assets. In the meantime, the company is seeking court approval to borrow another $3 million and to extend its bankruptcy financing agreement through September as it works with landlords and other parties to dismantle and sell equipment and dispose of real estate.
Solyndra close to filing bankruptcy plan
— Jun. 15 12:08 PM EDT
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