Prospect News: News for Rhodes Inc.

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Rhodes Inc.

6/8/2006	DD	Rhodes exits Chapter 11 bankruptcy
5/23/2006	DD	Rhodes plan of liquidation confirmed
5/22/2006	DD	Rhodes reports $121,000 April operating loss
4/20/2006	DD	Rhodes records $369,000 March operating loss
4/12/2006	DD	Rhodes files amended liquidation plan; subordinated creditors to get leftover liquidation proceeds
4/4/2006	DD	Rhodes granted court OK to reject headquarters lease in favor of free office space
3/24/2006	DD	Rhodes $4.75 million Powder Springs, Ga., property sale approved
3/20/2006	DD	Rhodes posts $100,000 February operating loss
2/23/2006	DD	Rhodes' liquidation plan confirmation hearing again moved back
2/22/2006	DD	Rhodes posts $196,000 January operating profit
2/13/2006	DD	Rhodes' liquidation plan confirmation hearing moved to Feb. 23
2/8/2006	DD	Rhodes unit creditor requests conversion of case to Chapter 7 to secure better plan treatment
1/31/2006	DD	Rhodes general unsecured, convenience claimants vote to accept plan; Heilig-Meyers votes to reject
1/27/2006	DD	Rhodes' liquidation plan draws Pension Benefit Guaranty objection based on releases, consolidation
1/24/2006	DD	Rhodes requests court OK of $3.02 million sale of Louisville property
1/23/2006	DD	Rhodes former parent Heilig-Meyers objects to liquidation plan
1/20/2006	DD	Rhodes shows $1.92 million December operating profit
1/13/2006	DD	Rhodes granted court OK to end pension plan, name PBGC plan trustee
12/30/2005	DD	Rhodes ordered to submit to bankruptcy law examination after request from Heilig-Meyers
12/30/2005	DD	Rhodes requests court OK to terminate underfunded pension plan, name PBGC plan trustee
12/20/2005	DD	Rhodes shows $209,000 November operating profit
12/9/2005	DD	Rhodes calls Heilig-Meyers' examination request a 'fishing expedition,' but agrees to comply
12/8/2005	DD	Heilig-Meyers asks court to order Rhodes to submit to examination for breach of duty, conspiracy
11/29/2005	DD	Rhodes' disclosure statement approved; confirmation hearing Feb. 2
11/22/2005	DD	Rhodes files second amended plan; unsecured creditors to recover 15.8% in liquidation proceeds
11/21/2005	DD	Rhodes posts $1.34 million October operating loss
11/15/2005	DD	Rhodes disclosure statement draws PBGC objection for lack of information
10/21/2005	DD	Rhodes exclusive solicitation period extended to Dec. 31
10/21/2005	DD	Rhodes shows $1.16 million September operating profit
10/19/2005	DD	Rhodes files liquidation plan; unsecured creditors to recover leftover liquidation proceeds
9/26/2005	DD	Rhodes seeks to extend exclusive period to solicit votes
9/21/2005	DD	Rhodes shows $41,000 August operating profit
8/30/2005	DD	Rhodes DIP amendment approved, allows continued use of $6 million in term B financing
8/26/2005	DD	Rhodes seeks OK for DIP amendment that continues use of $6 million term loan
8/22/2005	DD	Rhodes posts $3.44 million July operating loss
7/28/2005	DD	Rhodes gets extension to exclusive period to solicit votes on reorganization plan
7/26/2005	DD	Rhodes store closings, closing sales approved by court
7/26/2005	DD	Rhodes seeks court OK of bidding procedures for $38.81 million furniture store asset sale
7/22/2005	DD	Rhodes landlords object to store closing and merchandise liquidation proposal
7/21/2005	DD	Rhodes posts $2.06 million June operating loss
7/19/2005	DD	Rhodes obtains court OK for bidding procedures to select merchandise liquidating agent
7/13/2005	DD	Rhodes seeks approval to close Midwest stores, liquidate merchandise
6/23/2005	DD	Rhodes seeks extension to exclusive period to solicit votes on reorganization plan
6/22/2005	DD	Rhodes expects to emerge from Chapter 11 by early fall
6/21/2005	DD	Rhodes files plan of reorganization
6/20/2005	DD	Rhodes posts $3.49 million May operating loss
5/20/2005	DD	Rhodes posts $3.1 million April operating loss
2/24/2005	DD	Rhodes receives extensions to exclusive periods
2/2/2005	DD	Rhodes seeking extension to exclusive periods
1/21/2005	DD	Rhodes posts $2.2 million December loss
12/31/2004	DD	Rhodes posts $5.26 million November loss
12/14/2004	DD	Rhodes gets final approval on its DIP
11/23/2004	DD	Rhodes gets approval on going-out-of-business sales at 28 stores
11/12/2004	DD	Rhodes asks court to OK closure of 28 stores
11/9/2004	DD	Rhodes gets official creditors' committee
11/8/2004	DD	Rhodes obtains interim approval for $88 million DIP through Wells Fargo
11/4/2004	BKDD	Rhodes files for Chapter 11, gets commitment for $88 million DIP

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