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Former iMedia seeks second extension of exclusive plan periods
By Sarah Lizee
Olympia, Wash., Jan. 8 – Legacy IMBDS, Inc., formerly iMedia Brands, Inc., is seeking a second 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.
The company asked the court to extend the exclusive plan filing period by 30 days through Feb. 8 and the exclusive solicitation period by 30 days through April 8.
The company’s plan confirmation hearing is scheduled for Jan. 19.
Legacy said the debtors are requesting the extensions in an abundance of caution to allow enough time to modify, revise or refile the plan and resolicit votes, if needed.
iMedia Brands is an interactive media company based in Eden Prairie, Minn. The company filed bankruptcy on June 28, 2023 under Chapter 11 case number 23-10852.
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