Hollister Construction Services wins three-month exclusivity extension

By Caroline Salls

Pittsburgh, Jan. 9 – Hollister Construction Services, LLC secured an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.

Specifically, the company’s exclusive filing period was extended through April 8 from Jan. 9 and the solicitation period through June 8 from March 9.

After focusing its efforts on significant and time-sensitive matters, including negotiating settlements related to go-forward construction projects, Hollister said it hopes to be in a position to file a plan of liquidation within the next few months.

“The debtor believes that a 90-day extension of the exclusive periods as requested in this motion is necessary in order to allow it to prepare and pursue a consensual plan process for the benefit of all stakeholders,” the motion said.

Hollister is a Parsippany, N.J.-based construction company. The company filed bankruptcy on Sept. 11 under Chapter 11 case number 19-27439.

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