GREENVILLE, S.C. — Bi-Lo LLC and its creditors have separately filed official plans of reorganization in U.S. Bankruptcy Court here. Both Bi-Lo’s plan — sponsored by its owner, Lone Star Funds — and the creditor’s committee plan contemplate Bi-Lo continuing to operate as a going concern with a new infusion of cash, but they differ on how the retailer would manage potential litigation. “Today marks a significant milestone and an important next step in our restructuring efforts,” said Michael ...
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