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Published on 7/6/2011 in the Prospect News Distressed Debt Daily.

Harry & David seeks exclusivity extension to allow plan confirmation

By Caroline Salls

Pittsburgh, July 6 - Harry & David Holdings, Inc. requested an extension to its exclusive periods for filing a plan of reorganization and soliciting votes on the plan, according to a July 5 filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive filing period to Sept. 30 from July 25 and the solicitation period to Nov. 30.

As previously reported, Harry & David has already filed its plan and related disclosure statement. The company said the exclusivity extension will give it more time to obtain confirmation of that plan.

A hearing is scheduled for July 26.

Harry & David, a Medford, Ore.-based gourmet food and fruit gifts purveyor, filed for bankruptcy on March 28. The Chapter 11 case number is 11-10884.


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