Family Christian aims for new ownership by early August |
Written by Jeremy Burns | |
Tuesday, 14 July 2015 11:52 PM America/New_York | |
Family Christian Stores has received the approval the chain sought to move forward with an August vote on its plan to move out of Chapter 11 bankruptcy. Judge John Gregg, who originally nixed the plan due to allegations of insider dealings, has approved the creditor vote, which will end Aug. 7. If creditors vote to approve the plan, the nation's largest Christian retail chain would begin the transition to new ownership. |
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