Creditors Call for Joint Plan in Bi-Lo Case

Creditors for Bi-Lo are urging the retailer to get moving on a plan of reorganization, or they will file one themselves.

COLUMBIA, S.C. — Creditors for Bi-Lo are urging the retailer to get moving on a plan of reorganization, or they will file one themselves.

In papers filed in U.S. Bankruptcy Court here this week, creditors and term lenders asked the court to reject Bi-Lo’s motion to extend its deadline for filing an exclusive plan and filed a cross-motion that would permit them to file a joint plan of reorganization.

A hearing is scheduled for Sept. 17 to consider Bi-Lo’s request for an

Register to view the full article

Already a member? .