By  on April 28, 2009

Creditors of bankrupt Hartmarx Corp. could decide the company’s future this week, but whether that will focus on naming a stalking horse bid and keeping the company intact is now less certain.

Sources said a decision, expected last week, was delayed because creditors needed more time to analyze the different bids, as well as weigh the potential return from going directly to a liquidation of the company. Those options are typical in a bankruptcy as creditors try to determine which option provides the best return.

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