Briggs & Stratton seeks 90-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Oct. 23 – Briggs & Stratton Corp. is seeking a 90-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Friday in the U.S. Bankruptcy Court for the Eastern District of Missouri.

Specifically, the debtors asked the court to extend the exclusive plan filing period through Feb. 15 and the exclusive solicitation period through April 17.

As previously reported, the company filed a Chapter 11 plan and related disclosure statement on Oct. 9.

The debtors said the brief extension would give a full and fair opportunity to continue their good faith efforts to confirm the plan, without the risk of distraction of any competing plan proposals.

Briggs & Stratton is based in Milwaukee and makes gasoline engines for outdoor power equipment. The company filed bankruptcy on July 20 under Chapter 11 case number 20-43597.

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