HomeBanc exclusive plan vote solicitation period extended to April 9

By Caroline Salls

Pittsburgh, Jan. 27 - HomeBanc Mortgage Corp. received a fifth extension to its exclusive period to solicit votes on its plan of liquidation, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The exclusive solicitation period was extended to April 9 from Jan. 5.

HomeBanc said it filed its plan of liquidation on April 30, 2008 but has since been working through a number of issues that could affect the consummation of the plan and the distribution to creditors.

As a result, the disclosure hearing has been postponed multiple times and is likely to be continued again, the company said in the filing.

HomeBanc, an Atlanta-based mortgage banking business, filed for bankruptcy on Aug. 9, 2007. Its Chapter 11 case number is 07-11079.

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