NEW YORK — The Leslie Fay Cos. has asked the bankruptcy court for a 120-day extension of its exclusive right to file a Chapter 11 reorganization plan.

The current deadline expires Feb. 15.

As reported, the company is expected to present its three-year business plan to creditors by the end of the month. The plan will serve as the blueprint for an eventual reorganization. Leslie Fay filed its Chapter 11 petition here last April.

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