Big M secures second exclusivity extension to focus on case issues

By Caroline Salls

Pittsburgh, Aug. 21 - Big M, Inc. received a second extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of New Jersey.

The company's exclusive filing period was extended through Nov. 4 from Aug. 5 and the solicitation period through Jan. 1 from Oct. 3.

Big M said it sought this extension so that it can focus on its remaining Chapter 11 efforts, including resolution of purchase price issues, resolution of the estate's claim resulting from damages suffered during Super-Storm Sandy and the disposition of its remaining assets.

The company said extending the exclusive periods "will permit the plan process to proceed in a rational and thoughtful fashion" and maximize value for all parties-in-interest.

Big M, a Totowa, N.J.-based women's clothing chain owner, filed for bankruptcy on Jan. 7, 2013. Its Chapter 11 case number is 13-10233.

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