Big Village seeks 90-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., June 1 – Big Village Holding 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 Thursday 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 Sept. 6 and the exclusive solicitation period through Nov. 6.

The company said its sale efforts have involved extensive negotiations and effort.

“Accomplishing these tasks and addressing the concerns of the debtors’ creditors and stakeholders along the way, among other things, required the full attention of the debtors’ employees and advisors,” the company said in the motion.

“Further, the debtors have been required to devote a significant amount of time, energy, and resources to their transition into Chapter 11 more generally and addressing the myriad issues attendant thereto.”

A hearing is scheduled for June 26.

The Chicago-based advertising, technology and data company filed Chapter 11 bankruptcy on Feb. 8 under case number 23-10174.

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