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Published on 2/22/2024 in the Prospect News Distressed Debt Daily.

Former Vice secures second extension of exclusive solicitation period

By Sarah Lizee

Olympia, Wash., Feb. 22 – Venus Liquidation Inc., formerly Vice Group Holding Inc., secured a second extension of its exclusive period to solicit votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

The court extended the period by 75 days through April 24.

“The debtors are seeking the short extension of the exclusive solicitation period set forth herein out of an abundance of caution to preserve the opportunity for an organized and efficient plan confirmation process and a value-maximizing outcome for these Chapter 11 cases,” the company said in the motion.

Vice is a global multi-platform media company with headquarters in Brooklyn, N.Y. The company filed bankruptcy on May 15, 2023 under Chapter 11 case number 23-10767.


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