Goody's Trying To 'Run And Hide': Creditors

Law360, New York (January 15, 2009, 12:00 AM EST) -- The unsecured creditors of Goody's LLC have asked a bankruptcy judge to toss out the distressed clothing retailer's second bankruptcy filing in three months, saying that the move was in “bad faith” and an attempt to “run and hide” from more than $10 million in outstanding administrative claims.

Goody's filed a second Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware on Tuesday, with the stated aim of liquidating the apparel chain. The unsecured creditors, however, argue that the second bankruptcy should...
To view the full article, register now.