Chem Rx Gets More Time To File Ch. 11 Plan

Law360, New York (October 4, 2010, 4:38 PM EDT) -- Bankrupt pharmacy chain Chem Rx Corp. on Monday received extra time to file its Chapter 11 restructuring plan and solicit votes for it despite objections from unsecured creditors.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware extended the company's exclusivity period for filing a plan to Nov. 9, while its exclusivity period for solicitation for approval of the plan was extended to Jan. 7.

The exclusivity period, which was already extended by nearly a month, was originally set to expire...
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