Brookstone obtains plan extension to ‘preserve maximum flexibility’

By Caroline Salls

Pittsburgh, Dec. 14 – Brookstone Holdings Corp. 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.

Brookstone’s exclusive plan-filing period was extended by 60 days through Jan. 29 from Nov. 30 and the solicitation period through April 1 from Jan. 29.

“The debtors seek these brief extensions to preserve maximum flexibility in the plan process,” the motion said.

Brookstone said the company and its official committee of unsecured creditors intend to file a viable plan of liquidation before the requested exclusive periods expire.

Brookstone, a Merrimack, N.H.-based specialty retailer, filed bankruptcy on Aug. 2. The Chapter 11 case number is 18-11780.

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