Videology gets 90-day exclusivity extension to negotiate plan terms

By Caroline Salls

Pittsburgh, Sept. 18 – Videology, Inc. obtained an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Videology’s exclusive plan-filing period was extended for 90 days through Dec. 6 and the solicitation period through Feb. 4.

“The debtors have been operating under the protection of Chapter 11 for approximately 3˝ months, and during this short period of time have made significant and material progress in administering the Chapter 11 cases,” the motion said.

“The extension requested in this motion will provide the debtors and their advisers the opportunity to fully negotiate, confirm and implement the terms of a Chapter 11 plan for the distribution of assets to creditors.”

New York-based Videology is a software provider for converged TV and video advertising. The company filed bankruptcy on May 10 under Chapter 11 case number 18-11120.

© 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.