Former Anchor Blue seeks fourth exclusivity extension to file plan

By Lisa Kerner

Charlotte, N.C., Sept. 24 - Hub Holding Corp., formerly Anchor Blue Retail Group, requested a fourth extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive filing period to Nov. 27 from Sept. 23 and the solicitation period to Jan. 27 from Nov. 24.

In April the court extended the company's exclusive filing period to Sept. 23 from March 23 and the solicitation period to Nov. 24 from May 24.

Hub said it is requesting the extension in order to have sufficient time to formulate and propose a Chapter 11 plan now that is has collected a tax refund.

In July, more than $2 million in proceeds from the tax refund were entered into the debtors' estates, the filing said.

A hearing is scheduled for Oct. 28.

Anchor Blue, an Ontario, Calif., holding company for its Anchor Blue Division and Levi's & Dockers Outlet by MOST Division subsidiaries, filed for bankruptcy on April 27, 2009. The Chapter 11 case number is 09-11770.

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