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Winn-Dixie requests 30-day exclusivity extension to continue talks on substantive consolidation
By Caroline Salls
Pittsburgh, Feb. 23 - Winn-Dixie Stores, Inc. requested an extension to its exclusive periods to file a plan of reorganization and solicit acceptances on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the Middle District of Florida.
The company wants to extend its exclusive plan filing period to April 19 from March 20 and the solicitation period to May 21 from April 22.
According to the motion, for the past six weeks, the company has been in close discussions with the official committee of unsecured creditors regarding structure and terms for a plan of reorganization, and a significant open issue is the treatment of unsecured claims against each of the individual affiliated debtors, or in the alternative, consideration of the substantive consolidation of the company's estates.
A hearing is scheduled for March 9.
Winn-Dixie, a Jacksonville, Fla., supermarket company, filed for Chapter 11 on Feb. 21, 2005 in the U.S. Bankruptcy Court for the Southern District of New York. The case was later transferred to the Middle District of Florida. Its Chapter 11 case number is 05-03817.
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