Creditors Seek Plan For Bi-Lo

Creditors for Bi-Lo are urging the retailer to get moving on a plan of reorganization, or they will file one themselves. In papers filed in U.S. Bankruptcy Court last week, creditors and term lenders for Bi-Lo asked a judge to reject Bi-Lo's motion to extend its deadline for filing an exclusive plan, and filed a cross-motion that would permit them to file a joint plan of reorganization.

COLUMBIA, S.C. — Creditors for Bi-Lo are urging the retailer to get moving on a plan of reorganization, or they will file one themselves.

In papers filed in U.S. Bankruptcy Court last week, creditors and term lenders for Bi-Lo asked a judge to reject Bi-Lo's motion to extend its deadline for filing an exclusive plan, and filed a cross-motion that would permit them to file a joint plan of reorganization. A hearing is scheduled next week to consider Bi-Lo's request for an extensi

Register to view the full article

Already a member? .