TITLE

SKI MARKET FILES FOR BANKRUPTCY PROTECTION, SEEKS FIRE SALE

PUB. DATE
January 2010
SOURCE
SGB;Jan/Feb2010, Vol. 43 Issue 1, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the application for Chapter 11 bankruptcy protection filed by Ski Market Ltd. Inc. in the U.S. on December 29, 2009. Its application came after the failure of a winter gear and bikes retailer in Massachusett find a buyer in the later part of the year. It states that its filing comprises with plans to undergo a fire sale, which also indicated that unsecured creditors would likely not receive any payment and few secured creditors may not receive any payment for their claims.
ACCESSION #
47874885

 

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