PJ Finance looks to extend exclusive plan voting period to April 30

By Caroline Salls

Pittsburgh, March 5 - PJ Finance Co., LLC is seeking an extension of its exclusive period for soliciting votes on a plan of reorganization, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive solicitation period by 30 days to April 30.

According to the motion, PJ Finance began soliciting votes on its plan of reorganization on Jan. 27. The plan confirmation hearing is scheduled for April 2.

The company said the requested extension will allow it to finalize plan documentation before the confirmation hearing.

PJ Finance is a Chicago-based owner of a portfolio of apartment communities in Arizona, Florida, Georgia, Tennessee and Texas. The company filed for bankruptcy on March 7, 2011 under Chapter 11 case number 11-10688.

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