Grocer OK to Exit Bankruptcy
Posted on Sep 17, 2010 6:00pm PDT
The Arizona grocer Bashas' Inc. has been approved to emerge from bankruptcy protection by a federal judge. Banks and insurance companies holding the company's secured debt objected to the decision. The plan, however, was supported by its unsecured creditors. The company originally filed a planned Chapter 11 bankruptcy reorganization in July 2009 as business had slowed down.
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