Quaker Fabric obtains 30-day exclusivity extension

By Jennifer Lanning Drey

Portland, Ore., April 15 - Quaker Fabric Corp. was granted a 30-day extension to its exclusive periods to file a plan of liquidation and solicit votes on the plan, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

The exclusive plan-filing period was extended to April 18 from March 19 and the solicitation period to June 17 from May 18.

In its motion requesting the extension, Quaker Fabric said it is still working out the last details of a proposed joint liquidation plan with its official committee of unsecured creditors.

Quaker Fabric, a Fall River, Mass., designer, manufacturer and marketer of woven upholstery fabrics for residential furniture, filed for bankruptcy on Aug. 16, 2007. Its Chapter 11 case number is 07-11146.

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