540 West 21st Street asks for 90-day extension of exclusive periods

By Sarah Lizee

Olympia, Wash., Nov. 21 – 540 West 21st Street Holdings LLC is seeking a 90-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company asked the court to extend the exclusive plan filing period through Feb. 26 and the exclusive solicitation period through April 26.

The company said it believes the requested extension will afford the key parties-in-interest time to negotiate a potential plan structure and prepare a draft plan ahead of the proposed extended exclusive periods.

The New York-based real estate holding company filed Chapter 11 bankruptcy on Aug. 2 under case number 23-11053.

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