Volunteer Energy Services seeks extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., July 25 – Volunteer Energy Services Inc. is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Monday with the U.S. Bankruptcy Court for the Southern District of Ohio.

Specifically, the company asked the court to extend the plan filing period by 120 days through Nov. 22 and the solicitation period by 120 days through Jan. 19, 2023.

The company said it has made progress towards winding down its business and concluding its Chapter 11 case, while also maximizing the value of its estate for the benefit of creditors, stakeholders and other parties in interest.

Volunteer said any competing plan would unnecessarily deplete the resources of the court and the debtor’s bankruptcy estate.

A hearing is scheduled for Aug. 25.

The Pickerington, Ohio-based retail energy provider filed Chapter 11 bankruptcy on March 25 under case number 22-50804.

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