Levitt and Sons looks to extend exclusive plan vote solicitation period to Jan. 31

By Caroline Salls

Pittsburgh, Sept. 30 - Levitt and Sons, LLC is seeking an extension to its exclusive period to solicit votes on its liquidating plan, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of Florida.

Specifically, the company wants to extend its exclusive plan vote solicitation period to Jan. 31 from Sept. 30.

Levitt and its official committee of unsecured creditors filed a joint plan on June 27.

However, the company said it is still negotiating the terms of an amended plan and disclosure statement with the committee.

Levitt said a disclosure statement status conference is scheduled for Oct. 14 and a hearing on approval of the disclosure statement has not yet been reset.

The company said it does plan to file an amended plan.

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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