Doral Properties’ exclusivity extension receives court approval

By Sheri Kasprzak

New York, April 13 – Doral Properties Inc. received approval to extend its exclusive periods to file its Chapter 11 plan and solicit votes for it, according to a filing Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

Doral now has until June 22 to file its plan and until Sept. 20 to solicit votes. The previous filing deadline was March 24, and the voting deadline was May 24.

Based in San Juan, Puerto Rico, Doral is a holding company. It filed for bankruptcy on March 11, 2015 under Chapter 11 case number 15-10573.

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