CORRECTED: Whitehall Asks Judge To OK $146M Liquidation

Law360, New York (August 19, 2008, 12:00 AM EDT) -- Seeking to untangle a “complex fight” over more than $146 million worth of its assets, bankrupt Whitehall Jewelers Inc. on Monday sought a judge's approval for an agreement with its creditors to liquidate as it seeks to reorganize under Chapter 11.

The assets to be liquidated did not include $61 million in consignment goods, which will be returned to more than 120 jewelry vendors across the country by the end of September, according to the proposed settlement and attorney Joseph Vann of Cohen Tauber Spievack &...
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