Former Edgenet asks court to allow 60-day plan exclusivity extension

By Kali Hays

New York, Sept. 5 – EI Wind Down, Inc., formerly Edgenet, Inc., is seeking a third extension of its exclusive plan of reorganization filing and solicitation periods, according to a Sept. 4 motion with the U.S. Bankruptcy Court for the District of Delaware.

The company asked that its exclusive filing period be extended through Nov. 13 from Sept. 14 and its solicitation period through Jan. 15 from Nov. 10.

EI said it will not have the necessary information to structure a plan until an adversary proceeding against Ernest Han-Ping Wu initiated by the company for the avoidance of a preferential transfer and a claimed security interest is decided on by the court.

In the meantime, EI intends to “address other pressing issues,” according to the motion.

A hearing is scheduled for Sept. 29.

EI Wind Down, an Atlanta-based provider of cloud-based content, applications and services, filed for bankruptcy on Jan. 14, 2014. The Chapter 11 case number is 14-10066.

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