Bon-Ton's Ch. 11 Liquidation Sale Approved By Del. Court

Law360, Wilmington (April 18, 2018, 9:31 PM EDT) -- Bankrupt retailer Bon-Ton Stores Inc. received court approval Wednesday in Delaware for a transaction that will see all of its 256 store locations liquidated in the coming months after failing to receive a going-concern offer that satisfied the court.

During a hearing in Wilmington, debtor attorney Kelley A. Cornish of Paul Weiss Rifkind Wharton & Garrison LLP told the court that Bon-Ton had received just one bid for all of its assets from a joint venture of GA Retail Inc., Tiger Capital Group LLC and second-lien...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.