E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/21/2023 in the Prospect News Distressed Debt Daily.

Amsterdam House requests extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Nov. 21 – Amsterdam House Continuing Care Retirement Community, Inc., which does business as the Harborside, is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed with the U.S. Bankruptcy Court for the Eastern District of New York.

Specifically, the company asked the court to extend the exclusive plan filing period through Jan. 16 from Nov. 17 and the exclusive solicitation period through March 18 from Jan. 16.

“The debtor submits that the size and complexities of this Chapter 11 case warrant a further extension of the exclusive periods to provide the debtor with time necessary to formulate and negotiate a plan with key case constituents,” the company said in the motion.

The Port Washington, N.Y.-based retirement community builder and operator filed Chapter 11 bankruptcy for the third time on March 22, 2023 under Chapter 11 case number 23-70989.


© 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.