CHANDLER, Ariz. — The secured creditors of Bashas' here, who filed a motion earlier in the week to delay the chain's scheduled emergence from Chapter 11 bankruptcy protection, withdrew the motion Thursday — meaning Bashas' is on schedule to formally emerge on Saturday.
According to Michael McGrath, Bashas' bankruptcy attorney, the secured creditors — three banks, which are owed a total of $110 million, and noteholders at an insurance company, who are owed $86 million — filed the appeal to ...
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