K's Merchandise reaches settlement with creditors

Engel, Clint
July 2006
Furniture/Today;7/3/2006, Vol. 30 Issue 42, p37
Trade Publication
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.


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