Vertis Holdings granted 90-day exclusivity extension for wind-down

By Jim Witters

Wilmington, Del., Aug. 27 - Vertis Holdings, Inc. received approval for a 90-day extension of its exclusive periods for filing a Chapter 11 plan and for soliciting plan votes, according to an Aug. 27 filing with the U.S. Bankruptcy Court for the District of Delaware.

The exclusive period for filing a plan is extended through Nov. 4 from Aug. 6. The exclusive period for soliciting plan acceptances is extended through Jan. 6 from Oct. 7.

When requesting the extensions, Vertis said it needs the extra time "to ensure that the final disposition of [the cases] takes into account the best interests of the debtors and their creditors and estates. The requested extension is reasonable, given the debtors'=' significant progress in their cases to date."

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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