USA Commercial Mortgage exclusive period to confirm plan extended to Dec. 31

By Caroline Salls

Pittsburgh, Nov. 6 - USA Commercial Mortgage Co.'s exclusive period to confirm a plan of reorganization was extended to Dec. 31 from Oct. 13, according to a Monday filing with the U.S. Bankruptcy Court for the District of Nevada.

The extension is subject to the company obtaining approval of its disclosure statement by Nov. 30.

USA Commercial Mortgage filed its plan and related disclosure statement on Sept. 15. The disclosure statement hearing is scheduled for Nov. 13.

USA Commercial Mortgage, a privately held real estate lender based in Las Vegas, filed for bankruptcy on April 13, 2006. Its Chapter 11 case number is 06-10725.

© 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.