Shopko Chapter 11 plan confirmation hearing now scheduled for May 8

By Caroline Salls

Pittsburgh, April 5 – Shopko’s Chapter 11 plan confirmation hearing has been continued to May 8, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Nebraska.

Shopko asked the court to continue the hearing on Thursday, saying “the debtors believe that securing additional time to negotiate resolutions of certain plan-related disputes with their stakeholders, including the creditors’ committee, the credit agreement primary agent and the term B-1 agent, will reduce expenses in these Chapter 11 cases and increase the likelihood of developing consensus on the plan.”

The hearing was previously scheduled for April 18.

Shopko is a Green Bay, Wis., operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the United States. The company is a $3 billion retailer that operates more than 360 stores in 26 states. The company filed bankruptcy on Jan. 16 under Chapter 11 case number is 19-80064.

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