We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge OKs $20M Loan For Tweeter Liquidation

Law360 (November 10, 2008, 12:00 AM EST) -- Bankrupt consumer electronics retailer Tweeter Opco LLC may borrow up to $20 million in Chapter 11 financing to help the company conduct an orderly liquidation of its roughly 90 stores, a judge has ruled.

Judge Mary F. Walrath issued an order Friday in the U.S. Bankruptcy Court for the District of Delaware providing interim approval for the debtor-in-possession financing, to be provided by Wells Fargo Retail Finance LLC.

Judge Walrath also granted requests for the company to continue using its cash-management system and uphold prepetition obligations...
To view the full article, register now.
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.