hhgregg requests three-month exclusivity extension to formulate plan

By Caroline Salls

Pittsburgh, Nov. 6 – hhgregg, Inc. requested a third extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the Southern District of Indiana.

The company asked the court to extend its exclusive filing period through Feb. 5 from Nov. 6 and the solicitation period through April 5 from Jan. 5.

According to the motion, hhgregg is still working to address issues between creditor constituencies and complete its winddown.

“Continued efforts on these fronts could fundamentally change any plan that is proposed and could significantly impact the speed at which such plan could be confirmed,” the motion said.

“Accordingly, the debtors require additional time to formulate and propose a plan in these cases.”

hhgregg is an Indianapolis-based specialty retailer of consumer electronics and home appliances. The company filed bankruptcy on March 6, 2017 under Chapter 11 case number 17-01302.

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