Metex: More time needed for plan voting, district court affirmation

By Caroline Salls

Pittsburgh, Jan. 10 - Metex Mfg. Corp. is seeking a fourth extension of its exclusive periods for filing a Chapter 11 plan and soliciting votes on that plan, according to a Jan. 10 filing with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, Metex is asking the court to extend its exclusive plan-filing and solicitation periods to 110 days from Jan. 21 and March 20, respectively.

As previously reported, the company filed a plan on Dec. 23.

However, Metex said it believes, based on its experience with voting on an unsuccessful prepackaged plan, that an extension is necessary to ensure sufficient time to solicit, count and challenge, if necessary, votes on the plan, as well as to seek district court affirmation of the plan's supplemental injunction.

A hearing will be held on Jan. 29, if necessary.

Metex, a Great Neck, N.Y.-based tile manufacturer, filed for bankruptcy on Nov. 9, 2012. Its Chapter 11 case number is 12-14554.

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