S&K Pushes Back Filing of Chapter 11 Bankruptcy Plan

Richmond, Virginia.  On May 22, 2009, S&K Famous Brands, Inc. filed a motion to extend the exclusive period for their filing a Chapter 11 Plan until August 11, 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’s motion seeks to extend this period for another 60 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.