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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus