LifeCare Holdings Extension Approved


The U.S. Bankruptcy Court approved LifeCare Holdings’ second motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including February 28, 2014 and April 29, 2014, respectively. As previously reported, “The proposed extension of the Plan Period to February 28, 2014 will allow the Debtors’ wind-down process to run its course and give the Debtors the opportunity to formulate and propose a means of disposing of the Chapter 11 Cases without the disruption of their efforts that might be caused by the filing of competing plans by non-Debtor parties. Accordingly, the Debtors believe that the proposed extensions of their Exclusive Periods are appropriate and warranted in these Chapter 11 Cases.”

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