We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Loehmann's Creditors Back Ch. 11 Plan

Law360 (December 15, 2010, 5:29 PM EST) -- Discount retailer Loehmann's Capital Corp. said Wednesday that it has reached an agreement with its committee of unsecured creditors that will keep the company on track for a quick exit from Chapter 11.

The bankrupt discount chain said that the creditors agreed to support the restructuring plan that the company has filed in the U.S. Bankruptcy Court for the Southern District of New York.

With the unsecured creditors' support, the company expects to emerge from bankruptcy on or before Feb. 18, 2011, Loehmann's said.

Upon emergence...
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.