Dubai World Debt Plan On Schedule; No Fire Sales

* username: rupertbu

Dubai World is on schedule to present formal debt-restructuring proposals to lenders by March or April, and won't consider selling assets at distressed prices, according to people familiar with the situation.

While asset-shedding is likely to be part of any restructuring plan, "it won't be a fire sale," according to one government official.

The government official and another person familiar with the talks said Wednesday that despite a fresh bout of investor worry over Dubai debt, negotiations among the company, the government, advisors and lenders are moving ahead according to a timeline set out by Dubai at the beginning of the restructuring process, which began late last year.