Former Cynergy Data gets extension to exclusive plan-filing period

By Lisa Kerner

Charlotte, N.C., March 18 - CD Liquidation Co., LLC, formerly Cynergy Data, LLC, was granted a second extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The court extended the company's exclusive plan-filing period to June 1 from March 1 and the solicitation period to July 29 from April 30.

CD Liquidation said it needed more time to formulate a plan and also cited the size and complexity of its cases in making its request for an extension.

Previously the court extended the company's exclusive plan filing period to March 1 from Dec. 31 and the solicitation period to April 30 from March 1.

Cynergy Data, a New York-based credit card processing service, filed for bankruptcy on Sept. 1, 2009. Its Chapter 11 case number is 09-13038.

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