Levitt and Sons granted one-month exclusivity extension

By Caroline Salls

Pittsburgh, April 11 - Levitt and Sons, LLC obtained an 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 Southern District of Florida.

The company's exclusive plan-filing period was extended to April 10 from March 10, and the solicitation period was extended to June 10 from May 10.

Levitt said it is still working with its committees to finalize the terms of a plan of reorganization.

Levitt and Sons, a Fort Lauderdale, Fla.-based homebuilding subsidiary of Levitt Corp., filed for bankruptcy on Nov. 9. Its Chapter 11 case number is 07-19845.

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