USA Discounters exclusive solicitation period extended to March 17

By Caroline Salls

Pittsburgh, Feb. 3 – USA Discounters, Ltd. received a fifth extension of its exclusive period for soliciting votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company’s exclusive solicitation period was extended through March 17 from Jan. 18.

As previously reported, USA Discounters filed a plan of liquidation and related disclosure statement on Nov. 21, and the court approved the disclosure statement on Jan. 3.

According to the motion, plan votes are due by 4 p.m. ET on Feb. 13, and the plan confirmation hearing is scheduled for Feb. 27.

The company said it requested an exclusivity extension “out of an abundance of caution.”

USA Discounters, a Norfolk, Va.-based retailer, filed for bankruptcy on Aug. 25, 2015. Its Chapter 11 case number is 15-11755.

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