In January 2025, Diamond Comic Distributors filed for Chapter 11 bankruptcy. Since then, it’s been a wild ride of twists and turns involving the sale of its assets and more. The one thing we’re all waiting for is to see Diamond’s actual plan concerning the Chapter 11. Who will get paid back what is a burning and very important question. We might have to wait a bit longer for that answer as Diamond has filed another motion to extend the time it has to submit its plan.

In the new motion, Diamond has asked to file its chapter 11 plan by October 29, 2025 with 90 days to then solicit the votes for it, which would but that out to December 29, 2025. Currently, the plan needs to be filed by July 31 with the solicitation period for votes expiring on September 29.

The reasons given by Diamond, aka “cause,” are:

1. It’s a complex case involving four jointly-administered Debtors with over 1,000 creditors and $80 million in debt;
2. Diamond has made “good faith progress”;
3. There’s still the consignment sale issue to deal with;
4. Diamond is paying bills as they come in;
5. There’s a plan coming and they need more time to monetize their assets;
6. It’s only been seven months…;
7. Diamond doesn’t believe this will “pressure creditors.”

Read the new motion below: