Monday, November 29, 2021
44.4 F
Fort Worth

RadioShack creditor pushes for Chapter 7 conversion

🕐 1 min read

RadioShack creditor Salus Capital Partners LLC is pushing the Fort Worth-based retailer to convert its Chapter 11 bankruptcy filing to a Chapter 7 filing, according to a report in the Wall Street Journal.

Salus, a hedge-fund that is owned $150 million by RadioShack, argued that the liquidation of the retailer brought in far less than expected and that growing legal fees are harming creditor recovery.

RadioShack’s lawyers argued against the Chapter 7 effort, hoping to exit bankruptcy soon.

It’s not the first roadblock Salus has put up in front of the retailer’s bankruptcy plan. In March, after failing to win an auction for RadioShack’s assets, it submitted a new bid that was rejected.

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate