Ritz Camera Enters Liquidation After Failing To Find Buyer

Law360, Wilmington (September 10, 2012, 9:18 PM EDT) -- A Delaware bankruptcy court on Monday approved the liquidation of Ritz Camera & Image LLC after the photographic retailer, involved in its second tour through Chapter 11, failed to drum up interest in the company as a going concern.

Founded in 1918, the one-time billion-dollar company filed for bankruptcy June 22 — just three years after it exited the court's protection — with a plan to streamline its operations in preparation for a sale, but it could not find a buyer for the entire company and,...
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