Court Approves Musicland Disclosure Plan
U.S. Bankruptcy Court Judge Stuart Bernstein approved the statement, which outlines the company’s plan to sell off its assets. Musicland hopes to complete the liquidation by the end of December.
The disclosure statement details the impending sale of the remaining Musicland assets to Trans World Entertainment Corp. in a deal that will garner $122.3 million for the bankrupt company.
The money will be used...
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