Drug Fair looks to extend exclusive plan-filing period to Nov. 18

By Caroline Salls

Pittsburgh, July 6 - Drug Fair Group, Inc. is seeking an extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company wants to extend its exclusive plan-filing period to Nov. 18 from July 18 and the solicitation period to Jan. 18 from Sept. 18.

According to the motion, the company has been focused on winding down its estates and has not had enough time to finalize plan negotiations.

A hearing is scheduled for July 27.

Drug Fair, a Somerset, N.J.-based operator of pharmacies and general merchandise stores, filed for bankruptcy on March 18. Its Chapter 11 case number is 09-10897.

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