Former Packable gets another extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., June 8 – Pack Liquidating, LLC, formerly Packable Holdings, LLC, secured another extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The court extended the exclusive plan filing period through July 21 from May 22 and the exclusive solicitation period through Sept. 22 from July 24.

The company said in its motion that now that the debtors have completed the liquidation of the bulk of their assets, other than estate claims and causes of action, some of which are now being pursued by the official committee of unsecured creditors, they are focused on the process of reconciling administrative and priority claims.

The results of that process will inform the debtors’ ability to submit a plan of liquidation that has the support of their secured lenders and the committee and enable them to bring these Chapter 11 cases to a close, the company said.

Packable is a Hauppauge, N.Y.-based e-commerce company that operates as a third-party seller of health, beauty and other consumer products on online marketplaces. The company filed bankruptcy on Aug. 28, 2022 under Chapter 11 case number 22-10797.

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