Amsterdam House seeks extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., July 20 – Amsterdam House Continuing Care Retirement Community, Inc., which does business as the Harborside, is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of New York.

Specifically, the company asked the court to extend the exclusive plan filing period through Oct. 3 from July 20, and the exclusive solicitation period through Dec. 2 from Sept. 18.

The company said it has spent considerable time during the first 120 days of its case engaged in a post-petition marketing process.

The overbid deadline, as well as a potential auction and the sale hearing, are set to occur shortly after the current exclusive filing period ends.

As such, the company needs more time to solicit bids from interested parties, formulate a plan and provide creditors with adequate financial information, the debtor said.

The Port Washington, N.Y.-based retirement community builder and operator filed Chapter 11 bankruptcy for the third time on March 22 under Chapter 11 case number 23-70989.

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