Bashas' Plans to Repay Creditors

Bashas' here intends to pay all secured and unsecured creditors, including vendors, in full, with interest, over a period of three to five years after it emerges from Chapter 11 bankruptcy protection, one of its bankruptcy attorneys told SN last week. While such a process is not unusual in bankruptcies in general, it is somewhat unusual for a grocery company and was included as part

CHANDLER, Ariz. — Bashas' here intends to pay all secured and unsecured creditors, including vendors, in full, with interest, over a period of three to five years after it emerges from Chapter 11 bankruptcy protection, one of its bankruptcy attorneys told SN last week.

While such a process is not unusual in bankruptcies in general, it is somewhat unusual for a grocery company and was included as part of the reorganization plan at the specific request of the Basha family,

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