Whitehall granted exclusivity extension to allow asset liquidation to continue

By Jennifer Lanning Drey

Portland, Ore., Nov. 14 - Whitehall Jewelers Holdings, Inc. obtained a three-month extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The exclusive plan-filing period was extended to Jan. 19 from Oct. 21 and the solicitation period to March 23 from Dec. 22.

When requesting the extension, Whitehall said it has made substantial progress advancing its Chapter 11 case but needed more time to continue its going-out-of-business sale, to dispose of property leases and to liquidate other remaining assets.

Whitehall is a Chicago-based jewelry retailer. Its Chapter 11 case number is 08-11261.

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