People's Choice exclusive plan vote solicitation extended to May 31

By Caroline Salls

Pittsburgh, March 14 - People's Choice Home Loan Inc. received an extension to its exclusive period to solicit votes on its plan of liquidation, according to a Friday filing with the U.S. Bankruptcy Court for the Central District of California.

Specifically, the company's exclusive vote solicitation period was extended to May 31 from March 31.

The company had originally also requested an extension to its plan filing period, but that request is now moot because People's Choice filed its plan on March 3.

People's Choice, an Irvine, Calif., non-prime mortgage lender, filed for bankruptcy on March 20, 2007. Its Chapter 11 case number is 07-10765.

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