Former Standard Register asks court to extend exclusive periods

By Mark Reccek

Bethlehem, Pa., Oct. 8 – SRC Liquidation Co., formerly Standard Register, requested approval to extend its exclusive periods for filing a Chapter 11 plan of reorganization and soliciting votes on the plan, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The company is requesting an extension on its exclusive filing period through Jan. 6 from Oct. 8 and an extension of the solicitation period through March 7, 2016 from Dec. 7.

The company said termination of the exclusive periods would adversely affect the company’s ability to preserve and maximize value.

According to the motion, “the facts and circumstances of these Chapter 11 cases justify extending the exclusive periods to provide the debtors with an unimpeded opportunity to confirm the amended plan or make necessary changes to such plan, as needed.”

A hearing on the matter is scheduled for Nov. 19.

Standard Register is a Dayton, Ohio-based provider of business documents and related services for the health care, financial services, commercial and industrial markets. The company filed for bankruptcy on March 12 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 15-10541.

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