Opus South eyes exclusivity extension to wait out affiliate cases

By Caroline Salls

Pittsburgh, Dec. 17 - Opus South Corp. requested a 90-day extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive filing period to March 18 from Dec. 18 and the solicitation period to May 17 from Feb. 16.

According to the motion, Opus South wants to keep its exit options open, including the right to file a Chapter 11 plan, until all of the affiliated debtors for which it provides management services have finalized their bankruptcy cases.

A hearing is scheduled for Jan. 4.

Opus, an Atlanta-based design-build development firm, filed for bankruptcy on April 22, 2009. Its Chapter 11 case number is 09-11390.

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