White Eagle Asset Portfolio seeks three-month exclusivity extension

By Caroline Salls

Pittsburgh, June 17 – White Eagle Asset Portfolio, LP is seeking an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

White Eagle is asking the court to extend its exclusive plan-filing period by 90 days through Sept. 12 and the solicitation period through Nov. 14.

As previously reported, White Eagle secured court approval of the disclosure statement for its plan of reorganization earlier this month. The plan confirmation hearing is scheduled for June 19.

“The debtors file this motion out of an abundance of caution in order to ensure that the exclusivity periods are further extended pending confirmation and consummation of the amended plan,” the motion said.

A hearing is scheduled for July 17.

White Eagle is a wholly owned indirect subsidiary of Emergent Capital, Inc., a Boca Raton, Fla., specialty finance company that invests in life settlements. White Eagle filed bankruptcy on Dec. 13, 2018. The Chapter 11 case is being administered under case number 18-12808.

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