With the support of its trade creditors and landlords, plus an injection of $5 million secured by family-owned personal real estate and another $11 million from a bank but backed by family-owned real estate, the Southern CA-based retailer is asking the court to confirm an exit from bankruptcy that proposes to pay unsecured creditors 5.3 cents on the dollar for their unsecured claims, a total of $1.2 million that would be payable on a pro rata basis from $100,000 quarterly payments. The chain’s financial projections show that under a liquidation plan, unsecured creditors would get no recovery at all. Nike, ... Log in to view full article.