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MediCor exclusivity extended by 65 days
By Jennifer Lanning Drey
Portland, Ore., Oct. 29 - MediCor Ltd. obtained an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.
The exclusive plan-filing period was extended to Dec. 5 from Sept. 30 and the solicitation period to Feb. 3 from Dec. 1.
When requesting the extension, the company said confirmation of its plan of reorganization is based on a receiver settlement agreement, which is being documented and still needed court approval.
Additionally, MediCor said it was still finalizing negotiations with its creditors committee and lenders regarding the terms of a consensual plan of reorganization.
MediCor, a North Las Vegas, Nev., health care company that makes and sells products for the aesthetic, plastic and reconstructive surgery and dermatology markets, filed for bankruptcy on June 29, 2007. Its Chapter 11 case number is 07-10877.
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