Balmoral Racing Club requests 15-day extension of plan-filing deadline

By Mark Reccek

Bethlehem, Pa., Jan. 4 – Balmoral Racing Club, Inc. requested an extension of its deadlines for filing a Chapter 11 plan and disclosure statement and soliciting votes on the plan, according to a motion filed Dec. 31 with the U.S. Bankruptcy Court for the Northern District of Illinois.

The company said its exclusivity periods expired on Dec. 1, and its plan filing and solicitation deadlines expired on Dec. 31. Balmoral is asking for court approval to extend the plan and solicitation deadlines for 15 days.

According to the motion, because of "the intensity of the sale process efforts over the past several weeks, and the size and complexities involved in the Chapter 11 cases, cause exists to extend the filing deadline through Jan. 15.”

A hearing is scheduled for Jan. 5.

Balmoral is a Crete, Ill.-based racetrack operator. The company filed for bankruptcy on Dec. 24, 2014, under Chapter 11 case number 14-45711.

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