Delta Financial asks court to extend exclusive plan-vote solicitation period to Jan. 16

By Caroline Salls

Pittsburgh, Oct. 15 - Delta Financial Corp. requested an extension to its exclusive period to solicit votes on its plan of liquidation, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive vote solicitation period to Jan. 16 from Nov. 17.

According to the motion, the company needs more time to obtain approval of the disclosure statement related to the plan and then to solicit plan votes.

A hearing on approval of the exclusivity extension is scheduled for Nov. 4.

Delta Financial, a Woodbury, N.Y., specialty consumer finance company, filed for bankruptcy on Dec. 17, 2007. Its Chapter 11 case number is 07-11880.

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