Former Limited Stores secures exclusivity extension to negotiate plan

By Caroline Salls

Pittsburgh, May 30 – LSC Wind Down, LLC, formerly Limited Stores Co., LLC, received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, LSC’s exclusive filing period was extended through July 17 from May 17 and the solicitation period through Sept. 15 from July 16.

The company said it drafted a liquidating plan and circulated that draft on April 24 to its major constituents, including the official committee of unsecured creditors.

However, LSC said it needs more time to finalize negotiations and move toward plan confirmation.

Limited Stores is a New Albany, Ohio-based retailer of contemporary upscale branded women’s apparel. The company filed bankruptcy on Jan. 17 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 17-10124.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.