Education Training allowed three-month extension of exclusive periods

By Kali Hays

New York, Jan. 28 – Education Training Corp. received a 90-day extension of its exclusive Chapter 11 plan filing and solicitation periods under a Jan. 28 order from the U.S. Bankruptcy Court for the District of Delaware.

The exclusive filing period is extended through March 23 and solicitation period through May 22.

As previously reported, though Education Training submitted a liquidation plan and related disclosure statement on Dec. 23, the company is seeking the extension to allow for amendments to the proposal, if required.

A hearing on the disclosure statement is scheduled for Jan. 29.

Education Training, a Lauderdale Lakes, Fla.-based operator of private, for-profit schools, filed for bankruptcy on Aug. 25. The Chapter 11 case number is 14-11987.

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