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Ritz Camera seeks two-month exclusivity extension to negotiate plan
By Caroline Salls
Pittsburgh, June 15 - Ritz Camera Centers Inc. requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.
The company wants to extend its exclusive plan-filing period to Aug. 21 from June 22 and the solicitation period to Oct. 20 from Aug. 21.
According to the motion, the extension will give the company time to negotiate a consensual plan without having to rush through the process.
The company also cited its size and complexity.
A hearing is scheduled for July 20.
Ritz, a Beltsville, Md.-based specialty camera and image chain, filed for bankruptcy on Feb. 22. Its Chapter 11 case number is 09-10617.
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