Tanner & Haley granted two-month exclusivity extension

By Caroline Salls

Pittsburgh, Jan. 31 - Tanner & Haley Resorts obtained an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Connecticut.

The company's exclusive plan-filing period was extended to April 19 from Feb. 18 and the solicitation period to June 18 from April 19.

According to the motion, once the company's global asset sale has closed, it will be in a position to file a liquidating plan of reorganization, which will likely include a litigation trust to recover assets of the companies' estates for the benefit of creditors and other parties in interest.

Tanner & Haley is a hospitality and real estate company based in Westport, Conn. It filed for Chapter 11 on July 23, 2006 and its case number is 06-50245.

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