COLUMBIA, S.C. — Creditors for Bi-Lo are urging the retailer to get moving on a plan of reorganization, or they will file one themselves. In papers filed in U.S. Bankruptcy Court last week, creditors and term lenders for Bi-Lo asked a judge to reject Bi-Lo's motion to extend its deadline for filing an exclusive plan, and filed a cross-motion that would permit them to file a joint plan of reorganization. A hearing is scheduled next week to consider Bi-Lo's request for an extension, which ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.