MILAN, Ill. -- Eagle Food Centers here said last week it has obtained approval in U.S. Bankruptcy Court to pay the remaining prepetition claims of its trade creditors. financial commitments to trade creditors.Eagle filed a bankruptcy petition in late February for a strategic restructuring under a voluntary, pre-arranged Chapter 11. The filing came six weeks before April 15, when when $100 million
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MILAN, Ill. -- Eagle Food Centers here said last week it has obtained approval in U.S. Bankruptcy Court to pay the remaining prepetition claims of its trade creditors.
financial commitments to trade creditors.
Eagle filed a bankruptcy petition in late February for a strategic restructuring under a voluntary, pre-arranged Chapter 11. The filing came six weeks before April 15, when when $100 million of the company's senior notes matured.
The court has scheduled a hearing for April 17 to approve Eagle's disclosure statement and a hearing on May 17 to confirm the company's plan of reorganization.
