CFM asks for additional exclusivity extension

By Jennifer Lanning Drey

Portland, Ore. Dec. 19 - CFM U.S. Corp. requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend the exclusive plan-filing period to Jan. 31 from Dec. 20 and the solicitation period to April 19 from Feb. 18.

CFM said it has not yet been in a realistic position to create and build acceptance for a plan due to the complexity of its case combined with the company's efforts to sell its assets and resolve issues raised in an adversary proceeding.

A hearing is scheduled for Jan. 21.

Based in Huntington, Ind., CFM designs, develops, manufactures and distributes hearth and heating products. The company filed for bankruptcy on April 9, 2008. Its Chapter 11 case number is 08-10668.

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