FL 6801 Spirits eyes two-month extension of plan exclusive periods

By Kali Hays

New York, Nov. 21 – FL 6801 Spirits LLC is seeking a second extension of its exclusive plan filing and solicitation periods, according to a Nov. 21 motion with the U.S. Bankruptcy Court for the Southern District of New York.

The company asked that its exclusive filing period be extended through Jan. 30 from Dec. 1 and its solicitation period through March 30 from Feb. 2.

Citing extensive back and forth negotiations between its homeowner associations and bidders for the company’s Miami Beach, Fla., condominium and hotel asset, FL 6801 said that the extension will allow the sale of the property to close, which will “pave the way for a resolution to the case.”

As previously reported, the company asked the court to approve the $21.6 million bid of Z Capital Partners LLC after a deal with certain of the associations fell through.

A hearing to approve the sale scheduled for Nov. 24.

FL 6801 Spirits is a New York-based subsidiary of Lehman Brothers Holdings Inc., which was the fourth-largest investment bank in the United States. The company filed for bankruptcy on June 1 under Chapter 11 case number 14-11691.

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