Hoop Holdings exclusivity extension approved

By Caroline Salls

Pittsburgh, July 15 - Hoop Holdings, LLC was granted 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's exclusive plan-filing period was extended to Oct. 22 from July 24 and the solicitation period to Dec. 21 from Sept. 22.

Now that it has completed the sale of its assets, Hoop said it needs more time to negotiate a consensual plan with its official committee of unsecured creditors.

Hoop, a Secaucus, N.J., company that designs, contracts to manufacture and sells merchandise under the Disney Store brand name, filed for bankruptcy on March 26. Hoop's Chapter 11 case number is 08-10544.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.