CORE Entertainment seeks precautionary two-month exclusivity extension

By Caroline Salls

Pittsburgh, Aug. 12 – CORE Entertainment, Inc. asked the U.S. Bankruptcy Court for the Southern District of New York to extend the company’s exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Friday.

Specifically, CORE wants to extend its exclusive plan-filing period to Oct. 25 from Aug. 26 and the solicitation period to Dec. 23 from Oct. 25.

As previously reported, the company filed a revised plan last month, and the disclosure statement for that plan was approved on Aug. 4. The plan confirmation hearing is scheduled for Sept. 22.

“The debtors believe that the plan is confirmable, however, out of an abundance of caution, the debtors request an extension of the exclusive periods to ensure that they have an opportunity to confirm and consummate the plan, or if need be, a modified plan, before the exclusive periods expire,” the motion said.

The company is scheduled to present the motion for court approval on Aug. 26.

CORE, a New York-based entertainment content company, filed bankruptcy on April 28. The Chapter 11 case number is 16-11090.

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