Wednesday, April 11, 2018

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

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

No comments: