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Musicland plan confirmation hearing set for June 14; confirmation, effective date deadlines pushed back
By Caroline Salls
Pittsburgh, May 31 - Musicland Holding Corp.'s hearing for approval of its second-amended plan of liquidation will be held June 14, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.
As a result of the scheduling of the confirmation hearing, the deadline by which Musicland's plan must be confirmed was extended to Aug. 31 from May 31 and the effective date deadline was extended to Sept. 30 from June 30.
The deadlines are part of a stipulation between the company, its official committee of unsecured creditors and an informal committee of secured trade vendors.
Musicland, a Minnetonka, Minn., specialty retailer of pre-recorded entertainment software products, filed for bankruptcy on Jan. 12, 2006. Its Chapter 11 case number is 06-10064.
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