Hollister Construction Services gets three-month exclusivity extension

By Caroline Salls

Pittsburgh, April 2 – Hollister Construction Services, LLC received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of New Jersey.

Specifically, the company’s exclusive filing period was extended through July 7 from April 8 and the solicitation period through Sept. 8 from June 8.

Hollister said in the motion that it hopes to be in a position to file a plan of liquidation within the next few months, but resolving as many as possible of its construction projects that were open as of the bankruptcy filing date and issues involving the project owners and subcontractors on each project is crucial for it to formulate a feasible and consensual plan.

According to the motion, the company needs additional time to fully analyze and address unexpired leases.

Hollister is a Parsippany, N.J.-based construction company. The company filed bankruptcy on Sept. 11, 2019 under Chapter 11 case number 19-27439.

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