Ritz Camera, Creditors Agree On Amended $20M DIP

Law360, Wilmington (July 17, 2012, 11:08 PM EDT) -- A Delaware bankruptcy judge gave final approval Tuesday to Ritz Camera & Image LLC's $20 million debtor-in-possession financing after the bankrupt retailer and its creditors amended the agreement to better preserve the administrative solvency of the estate while it seeks a buyer.

The official committee of unsecured creditors, formed after the package received interim approval at a first-day hearing June 25, had objected to the terms and even to the necessity of the $20 million DIP, which was supposedly designed to support the bankrupt camera chain...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Ritz Camera & Image, L.L.C.


Case Number

1:12-bk-11868

Court

Delaware

Nature of Suit

Date Filed

June 22, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.