Opus South asks court to approve three-month exclusivity extension

By Caroline Salls

Pittsburgh, July 12 - Opus South Corp. is seeking an extension to its exclusive plan of reorganization filing and vote solicitation periods, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive filing period to Oct. 19 from July 16 and the solicitation period to Dec. 18 from Sept. 14.

Opus said it is in the process of analyzing all of its claims and its remaining assets.

While it continues to work through this process, the company said it wants to keep its options open for an exit strategy, including the right to file a Chapter 11 plan.

A hearing is scheduled for July 30.

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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