Bashas' Exits From Chapter 11

CHANDLER, Ariz. Bashas' here emerged from operating under Chapter 11 bankruptcy protection after thwarting a last-minute protest by some creditors. In a letter to employees, Edward N. Basha 3rd, vice president, retail operations, said the company mailed its first round of checks to creditors on the same day it officially emerged a total reported to be $59.4 million. Some of the chain's secured creditors

CHANDLER, Ariz. — Bashas' here emerged from operating under Chapter 11 bankruptcy protection after thwarting a last-minute protest by some creditors.

In a letter to employees, Edward N. Basha 3rd, vice president, retail operations, said the company mailed its first round of checks to creditors on the same day it officially emerged — a total reported to be $59.4 million.

Some of the chain's secured creditors sought to put a last-minute hold on the chain's emergence but w

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