Quirky seeks court approval of 90-day exclusivity period extensions

By Mark Reccek

Bethlehem, Pa., Jan. 5 – Quirky, Inc. sought court authorization to extend its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The company is requesting an extension of its exclusive plan-filing period to April 19 and its exclusive solicitation period to June 18.

This is the company’s first exclusivity extension request.

Quirky said the extensions will allow it time to evaluate possible claims, start wind down preparations and conduct negotiations.

“The debtors have made significant strides forward thus far. But, as would be expected given the scope of what must be achieved in these Chapter 11 cases, much work remains,’ the motion said.

A hearing is scheduled for Jan. 19.

Quirky, a New York-based invention startup company, filed for bankruptcy on Sept. 22. The Chapter 11 case number is 15-12596.

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