Bashas' Expects Chapter 11 Ruling 'Within a Week'

Bashas' said it anticipates a decision on its reorganization plan "within a week or so" following closing arguments in U.S. Bankruptcy Court in Phoenix.

CHANDLER, Ariz. — Bashas' here said Monday it anticipates a decision on its reorganization plan "within a week or so" following closing arguments earlier in the day in U.S. Bankruptcy Court in Phoenix.

If the chain's plan is accepted, "and we are hopeful that it will be," Edward N. Basha 3rd, senior vice president, said, "we would officially emerge from Chapter 11 shortly thereafter. We continue to remain positive and optimistic."

Basha made his comments in a letter to

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