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Published on 8/6/2012 in the Prospect News Distressed Debt Daily.

Security National Properties gets extension of plan exclusive periods

By Jim Witters

Wilmington, Del., Aug. 6 - Security National Properties Funding III, LLC received approval for an extension of its exclusive periods for filing a Chapter 11 plan of reorganization and for soliciting plan acceptances, according to documents filed Aug. 6 with the U.S. Bankruptcy Court for the District of Delaware.

The date for filing a plan was extended to Oct. 22 from Aug. 7, and the date for soliciting votes was extended to Dec. 3.

Security National Properties Funding III is a Baton Rouge, La., affiliate of real estate investment company Security National Master Holding Co. It filed for bankruptcy on Oct. 13, 2011 under Chapter 11 case number 11-13277.


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