Bashas' Seeks Plan Agreement

CHANDLER, Ariz. Bashas' here has reached agreement with its lenders on a reorganization plan and is in the process of trying to reconcile that agreement with a prior plan negotiated with its unsecured creditors, the chain's bankruptcy attorney told SN last week. If the chain cannot come up with a consensus plan that all parties endorse, it has the option to go back to the U.S. Bankruptcy Court to

CHANDLER, Ariz. — Bashas' here has reached agreement with its lenders on a reorganization plan and is in the process of trying to reconcile that agreement with a prior plan negotiated with its unsecured creditors, the chain's bankruptcy attorney told SN last week.

If the chain cannot come up with a consensus plan that all parties endorse, it has the option to go back to the U.S. Bankruptcy Court to see if the judge will approve the prior plan, Michael McGrath, an attorney with

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