American Spectrum Realty Inc. (Involuntary) Bankruptcy New Filing Alert: Order Regarding The Motion For An Extension Of The Debtors’ Exclusive Periods To File And Solicit Votes On A Plan Of Reorganization Or Liquidation

On September 25, 2015, an order regarding the motion for an extension of the debtors’ exclusive periods to file and solicit votes on a plan of reorganization or liquidation was filed in the bankruptcy case of American Spectrum Realty Inc. (Involuntary) and its affiliates.

The filing was assigned docket number 239 and is described on the court’s official docket as follows:

Order Extending Exclusive Periods During Which Debtor May: (1) File Chapter 11 Plan; And (2) Solicit Acceptances Thereto. IT IS HEREBY ORDERED: The Motion is granted in its entirety. The time within which the Debtor must file its chapter 11 plan pursuant to 11 U.S.C. Section 1121(b) and (c)(2) is extended to and including December 9, 2015. The time within which the Debtor has to solicit acceptances to such a plan pursuant to 11 U.S.C. Section 1121(c)(3) is extended to and including February 8, 2016. Such time periods are without prejudice to the Debtor’s right to seek further extensions. No further notice or hearing shall be necessary to effectuate the foregoing. (BNC-PDF) (Related Doc # 224 ) Signed on 9/25/2015 (Bolte, Nickie) (Entered: 09/25/2015)

American Spectrum Realty Inc. (Involuntary) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 13, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Central District of California . The case number for the lead bankruptcy case is 15-10721. The bankruptcy case is currently assigned to United States Bankruptcy Judge Scott Clarkson. The law firm of Fuqua & Associates, PC  is acting as lead bankruptcy counsel to American Spectrum Realty Inc. (Involuntary) in the bankruptcy case.


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