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

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.