USA Commercial Mortgage exclusive plan filing period extended to Aug. 31

By Caroline Salls

Pittsburgh, Aug. 11 - USA Commercial Mortgage Co. and its official committee of unsecured creditors agreed to an extension to Aug. 31 of the company's exclusive period to file a plan of reorganization, according to a Friday filing with the U.S. Bankruptcy Court for the District of Nevada.

The exclusivity period was set to expire on Aug. 11.

The company said the extension will allow it to further negotiate plan terms.

USA Commercial Mortgage, a privately held real estate lender based in Las Vegas, filed for bankruptcy on April 13 in the U.S. Bankruptcy Court for the District of Nevada. Its Chapter 11 case number is 06-10725.

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