Haggen Holdings asks court for 90-day exclusivity period extension

By Mark Reccek

Bethlehem, Pa., Jan. 4 – Haggen Holdings LLC sought court approval to extend its exclusive periods for filing a Chapter 11 plan of reorganization and soliciting votes on the plan, according to a motion filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The company is requesting an extension on its exclusive filing period through April 5 from Jan. 6 and an extension of the solicitation period through June 6 from March 7.

The company said while it has been able to accomplish a number of tasks in just four months, the extensions will afford it the time needed to complete certain necessary tasks, such as the ongoing marketing and sale process with respect to the core stores.

The motion added "the debtors submit that the requested extensions are both appropriate and necessary to afford the debtors with sufficient time to adequately prepare a viable Chapter 11 plan and related disclosure statement."

A hearing is scheduled for Feb. 2.

Haggen, a Bellingham, Wash.-based supermarket company, filed bankruptcy on Sept. 8 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 15-11874.

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