Jevic exclusive plan-filing period extended through Feb. 17 hearing

By Jennifer Lanning Drey

Portland, Ore., Jan. 16 - Jevic Holding Corp.'s exclusive period to file a plan of reorganization was extended to Feb. 17 after the hearing for approval of a longer extension was continued to the same date, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The court also extended the exclusive solicitation period to April 18.

Jevic ultimately wants to extend the exclusive plan-filing period to March 17 and the solicitation period to May 18.

When requesting the extension, Jevic said that because of constraints related to the company's wind-down and asset liquidation process, it had only recently been able to turn its focus toward plan issues.

In addition, the company said it had not yet been able to secure a source of funding to take it through a potential plan effective date.

Jevic, a Delanco, N.J., hybrid less-than-truckload and truckload carrier, filed for bankruptcy on May 20, 2008. Its Chapter 11 case number is 08-11006.

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