Opus South granted additional time to file plan, solicit support

By Lisa Kerner

Charlotte, N.C., July 28 - Opus South Corp. was granted an extension to its exclusive plan of reorganization filing and vote solicitation periods, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The court extended the company's exclusive filing period to Oct. 19 from July 16 and the solicitation period to Dec. 18 from Sept. 14.

Opus, when requesting the extension, 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.

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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