Mission Insurance won a delay in a filing.

The ailing Los Angeles-based insurance firm was allowed to postpone until Monday its response to a petition filed by a creditor group seeking to throw Mission into proceedings under Chapter 11 of the U.S. Bankruptcy Code, an attorney for the creditors said. The deadline had been last Monday. The creditors, who are owed about $4 million in payments on Mission's public debt, agreed to the delay to allow Mission to come up with a satisfactory operating plan, the attorney said. Mission officials were not available for comment.

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