The U.S. Bankruptcy Court approved Perseon’s motion for entry of an order extending the deadline under Bankruptcy Code Section 1129(e) through and including November 30, 2016.
As previously reported, “The Debtor will seek the soonest possible time for a hearing to consider confirmation of the Plan, subject to the noticing requirements of the Bankruptcy Code and Federal Rules of Bankruptcy Procedure. The Debtor anticipates that the Plan will pay 100% to general unsecured creditors. The Debtor would submit that the Plan, on its face, is confirmable and satisfies the requirements of Bankruptcy Code section 1129. In the event the Plan is not confirmed as filed, the Debtor will act promptly to file an amended plan and seek its confirmation. The Debtor respectfully requests the Court to enter an Order extending the 45 day deadline through and including November 30, 2016, and granting such other and further relief as is just.”
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