Hancock Fabrics exclusivity extended by one month

By Jennifer Lanning Drey

Portland, Ore., June 17 - Hancock Fabrics, Inc. obtained an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The exclusive plan-filing period was extended to June 30 from May 30 and the solicitation period to Aug. 29 from July 30.

The company filed a plan of reorganization on June 12.

Hancock Fabrics, a Baldwyn, Miss., specialty retailer of fabric and related home sewing and decorating accessories, filed for bankruptcy on March 21, 2007. Its Chapter 11 case number is 07-10353.

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