Perkins & Marie Callender's granted three-month exclusivity extension

By Caroline Salls

Pittsburgh, Oct. 28 - Perkins & Marie Callender's Inc. received an extension to its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive filing period was extended to Jan. 9 from Oct. 11 and the solicitation period to March 12 from Dec. 12, according to court documents.

As previously reported, the disclosure statement for Perkins & Marie's second amended plan was approved in September. The confirmation hearing is scheduled for Oct. 31.

According to the motion, Perkins & Marie has been soliciting plan votes, reconciling claims, working with restructuring support parties to prepare the plan supplement, preparing a schedule of rejected contracts and leases and determining cure amounts for the executory contracts and unexpired leases that will be assumed.

The company said in the filing that the extension will allow it to make additional progress toward plan confirmation.

Perkins & Marie Callender's, a Memphis-based operator and franchiser of full-service restaurants, filed for bankruptcy on June 13. Its Chapter 11 case number is 11-11795.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.