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Dispute Delays Bashas’ Bankruptcy Exit: Reports

PHOENIX — Bashas’ here will emerge from bankruptcy protection later than initially expected as the retailer works to settle differences with its lenders, reports said Wednesday.

PHOENIX — Bashas’ here will emerge from bankruptcy protection later than initially expected as the retailer works to settle differences with its lenders, reports said Wednesday.

Bashas' had hoped to exit Chapter 11 protection as soon as this month but it has been pushed back until at least May. The company filed bankruptcy in June and filed a reorganization plan in January. While most creditors approved the plan, passage has been held up by banks and insurance companies in possession of bonds worth $215 million, a Los Angeles Times report said.

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