Charys says it needs more time to solicit votes on amended plan

By Jennifer Lanning Drey

Portland, Ore., Dec. 19 - Charys Holding Co. requested an extension to its exclusive period to solicit votes on its plan of reorganization, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend the solicitation period to Jan. 30 from Dec. 19.

Charys said it filed an amended plan of reorganization and related disclosure statement on Dec. 8, reflecting a collaborative effort between the company and its creditors' committee.

The company said it is now ready to begin the solicitation process on the amended plan but cannot complete the process by the current expiration date.

A hearing has been scheduled for Jan. 12.

Charys is an Atlanta-based infrastructure services company that filed for bankruptcy on Feb. 14, 2008. Its Chapter 11 case number is 08-10289.

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