Levitt and Sons exclusivity extended for additional month

By Jennifer Lanning Drey

Portland, Ore., April 22 - 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 Monday filing with the U.S. Bankruptcy Court for the Southern District of Florida.

The company's exclusive plan-filing period was extended to May 12 from April 10, and the solicitation period was extended to July 10 from June 10.

Levitt previously 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, 2007. Its Chapter 11 case number is 07-19845.

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