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Published on 8/28/2009 in the Prospect News Distressed Debt Daily.

EZ Lube granted second extension to exclusive periods

By Alice Popovici

New York, Aug. 28 - EZ Lube, LLC received a second extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive filing period was extended to Nov. 5 from Aug. 6 and the solicitation period to Jan. 4, 2010 from Oct. 6.

The company was granted its first extension in May, after a stalking horse bidder withdrew its bid.

EZ Lube, a Santa Ana, Calif.-based quick lube operator, filed for bankruptcy on Dec. 9, 2008. Its Chapter 11 case number is 08-13256.


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