Whitehall Wins 3rd Extension Of $80M DIP Order

Law360, New York (August 12, 2008, 12:00 AM EDT) -- A bankruptcy judge has approved Whitehall Jewelers Inc.'s request to extend and modify its $80 million debtor-in-possession financing order for the third time.

In an order signed Aug. 8 in the U.S. Bankruptcy Court for the District of Delaware, Judge Kevin Gross agreed to extend the DIP interim order until Aug. 28, after the debtors, pre-petition secured parties, DIP agent and proposed counsel for the official committee of unsecured creditors told the court they agreed to the extension.

The court first approved Whitehall's request to use...
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