Creditors Pull Bi-Lo Reorganization Plan

COLUMBIA, S.C. — Creditors in the Bi-Lo bankruptcy case have withdrawn a proposed plan of reorganization after term lenders withdrew their plans to invest in it, court documents filed this week show.

COLUMBIA, S.C. — Creditors in the Bi-Lo bankruptcy case have withdrawn a proposed plan of reorganization after term lenders withdrew their plans to invest in it, court documents filed this week show.

The official committee of creditors and an ad-hoc committee of term lenders had collaborated on a plan that would have provided new investment of $79.5 million and new term notes of $164.1 million. Bi-Lo and its owner

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