Former OCZ Technology allowed plan filing period extension to July 30

By Kali Hays

New York, July 21 – ZCO Liquidating Corp. received a court authorization for an extension of its exclusive plan of reorganization filing period, according to a July 18 order with the U.S. Bankruptcy Court for the District of Delaware.

The filing period was extended through July 30 from June 30.

As previously reported, the company said its current filing period “proved to be insufficient to file and confirm a meaningful Chapter 11 plan,” and serves as a “distraction and disruption” to obtain confirmation of a plan, according to the motion.

ZCO’s disclosure statement related to its plan of liquidation was approved by the court June 12.

ZCO, formerly OCZ Technology Group, Inc., is a Sunnyvale, Calif.-based producer of computer memory and components that filed for bankruptcy on Dec. 2. The Chapter 11 case number is 13-13126.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.