A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing.
Genesis receives a plan extension
Genesis is currently in bankruptcy proceedings. On May 19, the company requested a 100-day extension to the deadline for filing its recovery plan.
Now, U.S. Bankruptcy Judge Sean Lane has granted that request. The relevant June 5 court filing indicates that Genesis now has through August 2, 2023 to file its plan. The company originally intended to extend the period until August 27.
The extended deadine is dependent on the company’s continued cooperation with its Official Committee of Unsecured Creditors toward a plan. The Committee can request a motion to terminate the extended filing period with seven days’ notice if discussions break down.
Additionally, Genesis’ exclusive solicitation period has been extended to Oct. 1 (rather than Oct. 26 as originally requested). Genesis can also seek further extensions goi
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