EYP gets shorter-than-planned exclusive solicitation period extension

By Sarah Lizee

Olympia, Wash., Oct. 24 – EYP Group Holdings, Inc. secured a shorter-than-requested extension of its exclusive period to solicit votes on a Chapter 11 plan, according to an order filed with the U.S. Bankruptcy Court for the District of Delaware.

The company had asked the court to extend the period by 90 days through Jan. 19, but the court extended the period to Dec. 20.

As previously reported, the company received approval of the disclosure statement for its Chapter 11 plan on Sept. 20. The company started soliciting votes on Sept. 27.

The voting deadline was set for Oct. 25, and the confirmation hearing is scheduled for Nov. 1.

The company said that while the original version of the plan was filed with enough time to solicit votes within the exclusive period, continued negotiations led to a modified plan, and the confirmation hearing was scheduled outside of the exclusive period.

“The debtors request an extension of the exclusivity period to allow the Chapter 11 process to continue unhindered by competing plans and external factors out of the debtors’ control,” the company said.

Albany, N.Y.-based EYP is an integrated design firm specializing in higher education, health care, government and science & technology. It filed bankruptcy on April 24, 2022 under Chapter 11 case number 22-10367.

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