Avenue Stores Lender Backs Converting Case To Chapter 7

Law360

"A lender to insolvent retail chain Avenue Stores Inc. told a Delaware court Wednesday the company's bankruptcy case should be converted to a Chapter 7, saying the move would expose what it said were baseless claims against it by Avenue Stores' unsecured creditors."

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Jay Indyke Partner, New York
Summer M. McKee Associate, New York
Cullen Drescher Speckhart Partner, Washington, DC
Olya Antle Associate, Washington, DC