Bi-Lo Seeks Plan Extension

Bi-Lo Holdings on Tuesday asked a judge in U.S. Bankruptcy Court to extend the deadline by which the retailer could file an exclusive plan of reorganization until Dec. 20.

GREENVILLE, S.C. — Bi-Lo Holdings here on Tuesday asked a judge in U.S. Bankruptcy Court to extend the deadline by which the retailer could file an exclusive plan of reorganization until Dec. 20.

The retailer, which filed for Chapter 11 protection in March, and had an initial exclusive plan date of mid-July, said it would use the extra time to continue to develop a five-year plan to improve operations, increase profitability and adjust its geographical footprint, if necessary.

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