Debtor Seeks Additional 30 Days to File Chapter 11 Plan in S&K Bankruptcy

Richmond, Virginia. On August 7, 2009, S&K Famous Brands, Inc. filed a motion to extend the exclusive period for their filing a Chapter 11 Plan until September 9, 2009. Under the bankruptcy code, a Chapter 11 debtor has the exclusive right to file a plan for the first 120 days of their bankruptcy. S&K previously was granted a 60 day extension and S&K’s motion seeks to extend this period again for another 30 days. The filing and eventual confirmation of a plan will bring S&K’s bankruptcy to a close. Until the filing of the plan, S&K’s creditors will not know how much they can expect to be paid.