By  on February 25, 2009

A federal bankruptcy judge in Man-hattan said Tuesday that he was prepared to approve the sale of Fortunoff Holdings LLC to seven companies that would liquidate its stores and inventory.

Final approval by Judge Robert Drain is expected at a hearing this morning set for 9 a.m. Two outstanding issues to be resolved today are the finalization of a service agreement and the judge’s need to resolve questions about jewelry held by the retailer on a consignment basis.

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