Suitable Technologies wins approval for 120-day exclusivity extension

By Caroline Salls

Pittsburgh, July 9 – Suitable Technologies, Inc. received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Suitable Technologies’ exclusive plan-filing period was extended by 120 days through Oct. 23 and the solicitation period through Dec. 22.

According to the motion, accomplishing the tasks it has in the four months since its Chapter 11 filing has fully occupied the company’s representatives and professionals.

“In light of these circumstances, the debtor submits that the requested extensions are both appropriate and necessary to afford the debtor with sufficient time to adequately prepare a viable Chapter 11 plan and disclosure statement,” the motion said.

Suitable Technologies is a Palo Alto, Calif.-based internet services and infrastructure company. The company filed bankruptcy on Feb. 26 under Chapter 11 case number 20-10432.

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