Senior lenders have agreed to previous delays during negotiations, but oppose the latest request.
A judge has scheduled a hearing Monday on the issue. Housing mogul Bruce Toll and other investors have offered $25 million in temporary financing, but only if Chief Executive Brian Tierney stays on. Creditors oppose that condition and have offered their own $20 million financing plan.
The company filed for Chapter Eleven bankruptcy in February, citing $395 million in debt.
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