Burro Sand exclusivity extension motion draws committee objection

By Sarah Lizee

Olympia, Wash., April 6 – Aequor Mgt LLC’s (Burro Sand) motion seeking a 90-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan drew an objection from the official committee of unsecured creditors, according to documents filed Thursday with the U.S. Bankruptcy Court for the Eastern District of Texas.

As previously reported, the company asked the court to extend the exclusive plan filing period through Aug. 3 and the exclusive solicitation period through Oct. 2.

“The debtors have made very little progress in these cases to date and there is no indication yet that the debtors will be able to file a viable plan of reorganization as a result of the extension of the exclusive periods,” the committee said in its objection.

“However, the committee does not approve a 30-day extension of the current exclusivity periods to provide an additional opportunity to obtain information and for the parties to discuss a potentially consensual path forward in these cases.”

Tyler, Tex.-based Burro Sand is a frac sand mining and processing plant. The company filed bankruptcy on Jan. 5 under Chapter 11 case number 23-60010.

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