Former Loehmann's requests precautionary 60-day exclusivity extension

By Kali Hays

New York, March 26 - LHI Liquidation Co. Inc., formerly Loehmann's Holding Inc., requested a 60-day extension of its exclusive plan of liquidation filing and acceptance periods, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company asked that its filing period be extended through June 13 from April 14 and its acceptance period through Aug. 12 from June 13.

The company said it expects to file a plan by the initial deadlines, but is requesting the extension "out of an abundance of caution" related to extra time spent completing the sale of assets and negotiating use of cash collateral, according to the filing.

A hearing to approve the extension is scheduled for April 9.

Loehmann's, a Melville, N.Y.-based retailer of women's clothing, filed for bankruptcy on Dec. 15. The Chapter 11 case number is 13-14050.

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