Charys seeks four-month exclusivity extension to finalize plan agreements

By Caroline Salls

Pittsburgh, May 22 - Charys Holding Co. Inc. requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan filing period to Oct. 11 from June 13 and the solicitation period to Dec. 10, 2008 from Aug. 12.

Charys said it needs more time to finalize agreements it has reached with a majority of its creditor constituencies on the terms of a plan of reorganization.

A hearing is scheduled for June 17.

Charys is an Atlanta-based infrastructure services company that filed for bankruptcy on Feb. 14. Its Chapter 11 case number is 08-10289.

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