Whitehall Jewelers granted exclusivity extension to settle claims

By Caroline Salls

Pittsburgh, Nov. 19 - Whitehall Jewelers Holdings, Inc. received a fifth extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to Dec. 23 from Oct. 20 and the solicitation period to Feb. 23 from Dec. 22.

Whitehall Jewelers said it is liquidating its remaining assets and settling "a multitude of claims" against its estates. The company used the last exclusivity extension granted by the court to draw up a proposal in an effort to settle the claims of priority tax claimants, according to the motion.

Whitehall, a Chicago-based jewelry retailer, filed for bankruptcy on June 23, 2008. Its Chapter 11 case number is 08-11261.

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