Law360, New York (October 08, 2008, 12:00 AM ET) -- Unable to complete a reorganization plan, bankrupt housewares retailer Linens 'N Things Inc. said that it planned to announce a stalking horse buyer for the company or a total liquidation by the end of the week.
In a motion filed Tuesday in U.S. Bankruptcy Court for the District of Delaware, Linens Holding Co., the retailer's parent company, said that a motion to approve the sale procedure will be held on Friday. The company filed its original proposed sale plan on Oct. 3.
Responding to media reports...
Linens 'N Things Prepares For Fire Sale
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