Haggen seeks extension to file and solicit votes for Chapter 11 plan

By Sheri Kasprzak

New York, June 6 – Haggen Holdings, LLC is looking to extend its exclusive periods in which to file and solicit votes for its Chapter 11 plan, said a motion filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

If approved, the company will have until Aug. 5 to file its plan and until Oct. 3 to solicit votes on the plan, extended from June 6 and Aug. 4, respectively.

“... During the nine months since the commencement of these Chapter 11 cases, the debtors have devoted significant resources to preserving and maximizing the value of their estates, stabilizing business operations and ensuring a smooth transition of the debtors’ operations into Chapter 11, while also pursuing a strategic divestiture of their assets, all of which will ultimately be for the benefit of the debtors’ creditors,” said the motion.

“In light of the fact that these cases have only been pending for nine months, the debtors respectfully submit that the size, complexity and duration of these cases all weigh in favor of allowing the debtors to extend the exclusive periods.”

Based in Bellingham, Wash., Haggen is a supermarket company. It filed for bankruptcy Sept. 8, 2015 under Chapter 11 case number 15-11874.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.