Bashas' Details Repayment Plan

Bashas' here could find itself by week's end with a date to emerge from Chapter 11. At a confirmation hearing set for Thursday in U.S. Bankruptcy Court in Phoenix, Judge James M. Marlar could approve a proposed reorganization plan that has gotten the approval from unsecured creditors and others, even though the chain has not reached agreement with its secured lenders, including a banking

CHANDLER, Ariz. — Bashas' here could find itself by week's end with a date to emerge from Chapter 11.

At a confirmation hearing set for Thursday in U.S. Bankruptcy Court in Phoenix, Judge James M. Marlar could approve a proposed reorganization plan that has gotten the approval from unsecured creditors and others, even though the chain has not reached agreement with its secured lenders, including a banking group and other noteholders, the chain's bankruptcy attorney told SN

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