Winn-Dixie Set To Emerge From Ch. 11 By October

Law360, New York (June 16, 2006, 12:00 AM EDT) -- In light of a tentative deal with its creditors, Winn-Dixie Stores intends to file its reorganization plan later this month and emerge from bankruptcy by late October, according to an attorney for the supermarket chain.

On Thursday, Winn-Dixie attorney Stephen Busey informed U.S. District Bankruptcy Judge Jerry Funk that the committee of unsecured creditors and the grocery goliath had reached a compromise on how the creditors would be repaid.

The news comes after months of fighting between the two parties, with the dispute threatening to derail...
To view the full article, register now.

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.