Huffy exclusive plan filing period extended to Oct. 5

By Caroline Salls

Pittsburgh, Sept. 7 - Huffy Corp. obtained an extension to its exclusive period to file a plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of Ohio.

The exclusive period was extended to Oct. 5 from Sept. 10.

According to the company's motion, Oct. 5 is the anticipated effective date of the plan Huffy filed on July 19 on a co-exclusive basis with Sinosure Group and the official committee of unsecured creditors.

The extension was requested as a means of ensuring the company, the Sinosure Group and the committee have the exclusive right to file an alternative plan "in the unlikely event that the current plan would be withdrawn."

Huffy, a Miamisburg, Ohio-based bicycle and sporting goods company, filed for bankruptcy on Oct. 20, 2004. Its Chapter 11 case number is 04-39148.

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