Handy Hardware Wholesale secures three-month exclusivity extension

By Caroline Salls

Pittsburgh, June 5 - Handy Hardware Wholesale, Inc. obtained a 90-day extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended through Aug. 9 from May 11 and the solicitation period through Oct. 18 from July 10.

In the motion filed on May 8, the company said it needs the additional time to work "with the key constituents in the case to craft an acceptable amended plan" based on the acquisition outlined in a letter of intent from Littlejohn Management Holdings, LLC for the purchase of the company's assets.

As previously reported, Handy Hardware filed an amended plan based on the Littlejohn sale agreement on May 31.

Handy Hardware, a hardware retailer co-operative based in Houston, filed for bankruptcy on Jan. 11. Its Chapter 11 case number is 13-10060.

© 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.