Hampshire Group filed with the U.S. Bankruptcy Court a motion to extend by 60 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including, May 22, 2017 and July 21, 2017, respectively.
The motion explains, “The Debtors have acted to expeditiously liquidate their remaining assets, including obtaining entry of the James Campbell Sale Order. The Debtors also obtained entry of the Bar Date Order, and the bar date for prepetition claims (other than for Governmental Units) has now passed. The Debtors intend to work with the Committee on the development of a joint chapter 11 plan of liquidation. Prior to filing this Motion, the Debtors provided Committee counsel with a copy of this Motion and an opportunity to comment on the relief requested herein.”
In addition, “The Debtors submit that the brief 60-day requested extensions of the Exclusive Periods will further the efforts to formulate, negotiate, confirm, and consummate a joint chapter 11 plan.” The Court scheduled a May 9, 2017 hearing to consider the motion, with objections due by April 5, 2017.
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