EBHI asks court to extend exclusive periods to allow plan talks

By Caroline Salls

Pittsburgh, Oct. 13 - EBHI Holdings, Inc., formerly Eddie Bauer, requested an extension to its exclusive periods to file a plan of liquidation and solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan-filing period to Jan. 13 from Oct. 15 and the solicitation period to March 12 from Dec. 14.

According to the motion, "the current exclusive periods prove to be an unrealistic time frame to file and solicit acceptances of a meaningful Chapter 11 plan that might garner support from parties in interest."

Specifically, EBHI said it needs more time to negotiate the terms of a plan of liquidation now that it has completed the asset sale process.

A hearing is scheduled for Nov. 20.

EBHI, a Bellevue, Wash.-based specialty retailer that sells outerwear, apparel and accessories, filed for bankruptcy on June 17 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 09-12099.

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