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First NBC Bankruptcy Extension Approved

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The U.S. Bankruptcy Court approved First NBC Bank Holding’s motion for enlargement of the exclusive period and time within which the Debtor’s Plan may be accepted and confirmed.

The order states, “It Is Ordered that, subject to the terms of the Stipulation, with respect to solely the Committee, the 120-day exclusive period within which the Debtor may file a Chapter 11 Plan is hereby extended until October 10, 2017; It Is Further Ordered that, with respect to all other parties in interest, the 120-day exclusive period within which the Debtor may file a Chapter 11 Plan is hereby extended until November 7, 2017; and, the 180-day exclusive period within which the Debtor may obtain acceptance of a Chapter 11 Plan is hereby extended until December 7, 2017.”

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