Maurice Sporting Goods granted exclusivity extension to arrange plan

By Caroline Salls

Pittsburgh, July 5 – Maurice Sporting Goods of Delaware, Inc., formerly Maurice Sporting Goods, Inc., received a 90-day extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, Maurice’s exclusive plan-filing period was extended through Sept. 17 from June 18 and the solicitation period through Nov. 14 from Aug. 16.

According to the motion, since the filing of a previous exclusivity extension motion, the company has continued to wind down its estates “and set the stage for a Chapter 11 plan of liquidation.”

Maurice said these efforts have included coordinating post-closing inventory sales, providing transition services, rejecting non-assigned leases, analyzing claims and working with the official committee of unsecured creditors to develop a viable plan.

“The debtors believe that, in light of the progress that they have made in these Chapter 11 cases and their demonstrated efforts to work cooperatively [with the committee and the U.S. Trustee], it is reasonable and appropriate that the debtors be granted additional time to negotiate and finalize a Chapter 11 plan,” the motion said.

Maurice is a Northbrook, Ill.-based distributor of outdoor sporting goods. The company filed bankruptcy on Nov. 20, 2017 under Chapter 11 case number 17-12481.

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