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Article Date: February 2021
Word Count: 120

Belk Zooms Through Pre-Packaged Bankruptcy


The department store’s Ch. 11 filing in the Southern District of TX proceeded according to the carefully crafted plan worked out between controlling shareholder Sycamore Partners and debt holders KKR and Blackstone. The only objections were raised by the U.S. Trustee, who questioned that such a large and complex bankruptcy could be disposed of so quickly. Key to the streamlined ... Log in to view full article.

 


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