MEGAFOODS CHAPTER 11 EXIT DELAYED

PHOENIX -- Megafoods Stores here last week told SN it expects to emerge from Chapter 11 bankruptcy protection in mid- to late October -- a month later than it had previously anticipated -- because of the need to resolicit some of its creditors after a change in its reorganization plan.n exchange for a 10% nonvoting stake in Megafoods' ownership, plus other considerations.That agreement triggered changes

PHOENIX -- Megafoods Stores here last week told SN it expects to emerge from Chapter 11 bankruptcy protection in mid- to late October -- a month later than it had previously anticipated -- because of the need to resolicit some of its creditors after a change in its reorganization plan.

n exchange for a 10% nonvoting stake in Megafoods' ownership, plus other considerations.

That agreement triggered changes in the reorganization plan, prompting the U.S. Bankruptcy Court here t

Register to view the full article

test - Advanced Registered User

Already a member? .