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.”
About Brandy Chetsas
Brandy L. Chetsas is editor in chief at Bankrupt Company News. She joined New Generation Research, Inc. in 1998. As Director of Strategic Content, she leverages 20+ years of communications and project management experience for the distressed investing sector–with particular expertise on corporate restructurings via Chapter 11. Brandy began her career writing for a law enforcement-related publication and teaching English courses at numerous colleges in the U.S. and abroad.