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Hampshire Group Exclusivity Extension Sought

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Hampshire Group filed with the U.S. Bankruptcy Court a fifth motion for an order extending the exclusive periods during which the Debtors may file a Chapter 11 plan and solicit acceptances thereof, through and including October 20, 2017 and December 20, 2017, respectively.

The motion explains, “The Solicitation Motion originally sought a confirmation hearing date of September 13, 2017, one week prior to the current expiration of the Exclusive Filing Period under the Fourth Extension Order. Under the Solicitation Procedures Order, the confirmation hearing date has now been scheduled for September 27, 2017, one week after the current expiration of the Exclusive Filing Period. The brief 30-day extensions of the Exclusive Periods requested in this Motion will help to maintain the status quo in these cases through the anticipated effective date of the Plan and will avoid the risk of any unnecessary distractions as the Plan Proponents seek to obtain confirmation of the Plan.”

In addition, “If, as the Debtors anticipate, the Plan will be confirmed on or about September 27, 2017, then on or about the Plan effective date, the Debtors intend to file a notice withdrawing this Motion. The Debtors submit that the extensions of the Exclusive Periods requested in this Motion will not prejudice any party in interest but, rather, will further the plan proponents’ efforts to obtain confirmation of the Plan, which the Debtors believe is in the best interests of their estates and creditors.”

Read more Hampshire Group bankruptcy news.

The post Hampshire Group Exclusivity Extension Sought appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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