Premier Kings asks court for extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Feb. 23 – Premier Kings, Inc. is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Thursday with the U.S. Bankruptcy Court for the Northern District of Alabama.

The company asked the court to extend the exclusive plan filing period by 180 days through Aug. 21 and the exclusive solicitation period by 180 days through Sept. 20, 2024.

As previously reported, the company has filed a plan of liquidation. Premier Kings said the debtors continue to work with the official committee of unsecured creditors and prepetition secured lenders to get to a consensual confirmation process.

A hearing on the disclosure statement is scheduled for March 20.

Peachtree Corners, Ga.-based Premier Kings filed bankruptcy on Oct. 25 under Chapter 11 case number 23-02871.

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