Haggen wins two-month exclusivity extension to complete sale process

By Caroline Salls

Pittsburgh, Jan. 27 – Haggen Holdings LLC received court approval to extend its exclusive periods for filing a Chapter 11 plan of reorganization and soliciting votes on the plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company’s exclusive filing period was extended through March 7 from Jan. 6 and the solicitation period through May 6 from March 7.

The company said while it has been able to accomplish a number of tasks in just four months, the extensions will afford it the time needed to complete the ongoing marketing and sale process for its core stores.

“The debtors submit that the requested extensions are both appropriate and necessary to afford the debtors with sufficient time to adequately prepare a viable Chapter 11 plan and related disclosure statement,” Haggen said in the motion.

Haggen, a Bellingham, Wash.-based supermarket company, filed bankruptcy on Sept. 8. The Chapter 11 case number is 15-11874.

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