Wednesday, April 11, 2018

Bon-Ton may be headed for liquidation after losing key bid condition

Retail Dive
U.S. Bankruptcy Judge Mary Walrath may have cleared the way for the bondholders who want to liquidate Bon-Ton's assets to do just that.

The judge said on Wednesday that the $500,000 fee attached to the going-concern bid fell outside the bidding procedures she had established last month.. . . more