Huffy requests precautionary extension to exclusive plan filing period

By Caroline Salls

Pittsburgh, Aug. 25 - Huffy Corp. requested an extension to its exclusive period to file a plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of Ohio.

The company wants to extend the exclusive period to Oct. 5 from Sept. 10.

Oct. 5 is the anticipated effective date of the plan Huffy filed on July 19 on a co-exclusive basis with Sinosure Group and the official committee of unsecured creditors.

According to the motion, the extension is simply a means of ensuring the company, the Sinosure Group and the committee have the exclusive right to file an alternative plan "in the unlikely event that the current plan would be withdrawn."

Huffy, a Miamisburg, Ohio-based bicycle and sporting goods company, filed for bankruptcy on Oct. 20, 2004. Its Chapter 11 case number is 04-39148.

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