MediCor seeks two-month exclusivity extension following failed sale attempt

By Caroline Salls

Pittsburgh, Dec. 26 - MediCor Ltd. requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan-filing period to Feb. 25 from Dec. 26 and the solicitation period to April 25 from Feb. 25.

Since its asset sale efforts were not successful, the company said it must now take steps to reorganize its affairs and negotiate a plan with its creditor constituencies.

MediCor said it is also implementing initiatives to streamline costs and increase efficiency.

A hearing is scheduled for Jan. 15.

MediCor, a North Las Vegas, Nev., health care company that makes and sells products for the aesthetic, plastic and reconstructive surgery and dermatology markets, filed for bankruptcy on June 29, 2007. Its Chapter 11 case number is 07-10877.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.