TrafficCourt

KB Gets Authorization for Liquidation

RSS
A Delaware bankruptcy judge on Thursday authorized KB Toys to begin going-out-of-business sales.

Judge Kevin Carey granted the company's request after attorneys said they had resolved several concerns of landlords and creditors about rent and other issues.

The Pittsfield, Mass.-based company plans to start liquidation sales Friday, with a targeted end date of Feb. 9.

"I can see no better, other alternative," the judge said. "We're at a time of year where unless the going-out-of-business sales go forward now, there's hardly any sense in doing it."

Link.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.

Contributors

Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×