Vertis Holdings secures second extension of exclusive plan periods

By Caroline Salls

Pittsburgh, June 14 - Vertis Holdings, Inc. obtained a second extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive filing period was extended through Aug. 6 from May 8 and the solicitation period through Oct. 7 from July 8.

According to the motion, the extension will give Vertis more time to resolve pending case issues and find the most efficient and cost-effective way to wind down its estates.

In addition, the company said the extension will help it avoid disruption to its remaining operations, particularly its ongoing obligations under a transition services agreement.

Vertis, a Baltimore-based marketing communications company, filed for bankruptcy on Oct. 10, 2012. Its Chapter 11 case number is 12-12821.

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