Vicorp exclusivity extension approved

By Caroline Salls

Pittsburgh, Aug. 12 - Vicorp Restaurants, Inc. was granted an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company's exclusive plan-filing period was extended to Oct. 30 from Aug. 1 and the solicitation period to Dec. 28 from Sept. 30.

According to the motion, the company has spent a substantial amount of time developing and implementing its post-bankruptcy business plans.

Now, Vicorp said it feels it is able to draft a plan and disclosure statement "that is both comprehensive and realistic."

Vicorp, a Denver-based restaurant operator, filed for bankruptcy on April 3. Its Chapter 11 case number is 08-10623.

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