Value City obtains four-month exclusivity extension to finish plan

By Alice Popovici

New York, Oct. 15 - Value City Holdings Inc. received an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan during a Thursday hearing with the U.S. Bankruptcy Court for the Southern District of New York, according to an attorney familiar with the case.

The company's exclusive plan-filing period will be extended to Feb. 18 from Oct. 21 and the solicitation period to April 21, 2010 from Dec. 22.

Value City, a Columbus, Ohio, off-price retailer, filed for bankruptcy on Oct. 26, 2008. Its Chapter 11 case number is 08-14197.

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