By Liz White, UT staffLinwood, Pennsylvania-Foamex International Inc. has deferred the hearing to consider approval of its Chapter 11 Disclosure Statement, originally scheduled for 26 Jan 2006, until 13 Feb 2006. The major US foam maker-which has been in Chapter 11 bankruptcy protection since 19 Sept 2005-said it intends to use the extra time to continue negotiations with the representatives of the holders of its Senior Secured Notes and of its creditors, among others, to agree terms of a reorganisation plan for the business.Since going into Chapter 11, Foamex has been given the necessary approval by the US Bankruptcy Court for its $320 million debtor-in-possession (DIP) financing, including a $240 million credit facility and an $80 million term. This financing, along with cash from the Company's ongoing operations, gave Foamex the cash liquidity to keep operating and focus on the reorganisation plan. On 23 Dec 2005, the group, with various subsidiaries, filed its reorganisation plan with the Bankruptcy Court for the District of Delaware and said it anticipated emerging from bankruptcy in the spring of 2006. Linwood-headquartered Foamex claims to be the world's leading producer of flexible foam for bedding, furniture, carpet cushion and automotive markets. In addition, the group makes high-performance polymers for uses in industry, aerospace, defense, electronics and computers. "