TITLE

K's Merchandise reaches settlement with creditors

AUTHOR(S)
Engel, Clint
PUB. DATE
July 2006
SOURCE
Furniture/Today;7/3/2006, Vol. 30 Issue 42, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that liquidator and finance company, Gordon Bros. Group has disclosed that K's Merchandise has reached a settlement with creditors which would allow it to continue operating and avoid bankruptcy. Gordon Bros. managing director Frank Morton comments on the settlement agreement of the company. Attorney Jay Indyke estimates the distribution of payments by Gordon Bros. to be 50 percent of allowable claims.
ACCESSION #
21488403

 

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