Hartshorne eyes 90-day exclusivity extension to finish sale process

By Caroline Salls

Pittsburgh, June 17 – Hartshorne Holdings, LLC requested an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the Western District of Kentucky.

Specifically, Hartshorne asked the court to extend its exclusive plan-filing period by 90 days through Sept. 16 and the solicitation period through Nov. 16.

The company said it needs to continue to work with its major constituencies in the coming months to conclude its sale process, develop a consensus on the terms of a liquidating plan, bring its cases to a close and maximize value for all stakeholders.

“Allowing the exclusivity periods to expire would risk disrupting these cases in ways that could result in substantial additional cost to the debtors’ estates and risk the successful conclusion of these cases,” the motion said.

Rumsey, Ky.-based Hartshorne develops and operates coal mining projects in the United States. The company filed bankruptcy on Feb. 20 under Chapter 11 case number 20-40133.

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