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Published on 10/6/2020 in the Prospect News Distressed Debt Daily.

RTW Retailwinds seeks exclusivity extension to finalize negotiations

By Sarah Lizee

Olympia, Wash., Oct. 6 – RTW Retailwinds, Inc. is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Tuesday with the U.S. Bankruptcy Court for the District of New Jersey.

Specifically, the debtors are seeking to extend the plan filing period through Jan. 11 from Nov. 10 and the solicitation period through March 10 from Jan. 11.

“The debtors believe that the requested extensions of the exclusive periods will afford the key parties in interest time to finalize negotiation and confirmation of the plan in advance of the proposed extended exclusive periods,” the motion said.

A hearing is set for Oct. 28.

RTW is a New York-based retailer of women’s apparel. It filed bankruptcy on July 13 under Chapter 11 case number 20-18445.


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