Former Halt Medical wins exclusivity extension amid plan preparations

By Caroline Salls

Pittsburgh, Dec. 1 – HMI Liquidating Inc., formerly Halt Medical, Inc., received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The company’s exclusive filing period was extended through Dec. 8 from Oct. 9 and the solicitation period through Feb. 6 from Dec. 8.

“The debtor has been able to prosecute its Chapter 11 case promptly to date, and is in the process of preparing a Chapter 11 plan to wind down the debtor’s case,” the motion said.

“The extensions requested herein will foster an efficient plan process, allowing the debtor to complete its plan and negotiate with key stakeholders without upsetting the balance intended by the plan exclusivity accorded to a debtor under the Bankruptcy Code.”

Brentwood, Calif.-based medical device company Halt Medical focuses on providing care for women with symptomatic uterine fibroids, including through its patented Acessa System. The company filed bankruptcy on April 12, 2017 under Chapter 11 case number 17-10810.

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