Sales Slump Sends Bruno's Supermarkets Into Ch. 11
In the company's second Chapter 11 filing since the 1990s, the Birimingham, Ala.-based retailer filed a petition for Chapter 11 bankruptcy protection Thursday in the U.S. Bankruptcy Court for the Northern District of Alabama, estimating both assets and liabilities of $100 million to $500 million.
Bruno's has asked to borrow $6.7 million in debtor-in-possession financing from Bi-Lo LLC in order to continue operating...
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