Club Ventures gets more time to file plan, eyes August confirmation

By Lisa Kerner

Charlotte, N.C., June 1 - Club Ventures Investments LLC was granted an extension of its exclusive periods to file and solicit votes on a plan of reorganization, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The court extended Club Ventures' exclusive filing period to Sept. 28 and the solicitation period to Nov. 28.

As previously reported, Club Ventures made the request out of "an abundance of caution" and its goal is to have the plan confirmed by the end of August.

Club Ventures, a New York-based operator of upscale health clubs, filed for bankruptcy on March 2. Its Chapter 11 case number is 11-10891.

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