Steve & Barry's Owner Protests Conversion Attempt

Law360, New York (July 22, 2009, 12:59 PM EDT) -- The owner of the defunct Steve & Barry's discount clothing chain has fired back at a lender trying to convert its Chapter 11 bankruptcy proceedings to Chapter 7, saying it is well on its way to reconciling its outstanding claims and that a reorganization plan is still a possibility.

In a Tuesday objection in the U.S. Bankruptcy Court for the Southern District of New York, BH S&B Holdings LLC sought to rebut Ableco Finance LLC's assertions that its bankruptcy proceedings were languishing in Chapter 11, would...
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