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 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.