HOMELAND IN CHAPTER 11, NOT SURE OF EXIT TIMING

OKLAHOMA CITY -- Homeland Stores here and its parent company, Homeland Holding Corp., said last week they filed for Chapter 11 reorganization after they were unable to reach an accord with their current lending institutions on a portion of their financing.It is the company's second bankruptcy filing in five years. Homeland filed a pre-arranged Chapter 11 reorganization in mid-1996.Homeland said the

OKLAHOMA CITY -- Homeland Stores here and its parent company, Homeland Holding Corp., said last week they filed for Chapter 11 reorganization after they were unable to reach an accord with their current lending institutions on a portion of their financing.

It is the company's second bankruptcy filing in five years. Homeland filed a pre-arranged Chapter 11 reorganization in mid-1996.

Homeland said the latest filing will enable it to refinance its bank and other debt to provide

Register to view the full article

Already a member? .