Judge OKs Tweeter Utilities Payment Plan

Law360 (December 2, 2008, 12:00 AM EST) -- Over the objections of several utility companies, a judge has prohibited the utilities from discontinuing service to bankrupt consumer electronics chain Tweeter Opco LLC and has allowed Tweeter to create a utility deposit account to pay for utility services.

Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware issued an order Monday allowing Tweeter to deposit $283,000 into a newly created interest-bearing, segregated account with the deposit held in escrow to provide the utilities with assurance of payment of utility services....
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.