COPSync filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including March 28, 2018 and May 27, 2018, respectively.
The motion explains, “The Debtor and Debtor’s counsel are currently evaluating the proof of claims which have been filed and are continuing to be filed as the Bar Date is January 17, 2018 and for governmental units it is March 28, 2018. Debtor requests additional time to determine and analyze the amounts and documentation of the proof of claims that are filed prior to the January 17, and March 28, 2018 deadline in the order to properly reflect information in the preparation of the disclosure statement and plan of reorganization regarding classification of the claims and sufficient funding around which a plan would be based.”
The Company also seeks expedited consideration of the motion at a hearing to be held on January 24, 2018.
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