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.

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