Steve & Barry's sale hearing adjourned until Monday afternoon

By Aaron Hochman-Zimmerman

New York, Aug. 1 - Steve & Barry's LLC will return to bankruptcy court on Monday after a hearing Friday was adjourned to allow final negotiations on a deal to be agreed.

Consideration of amendments to the proposed sales procedures and auction rules, and final approval of cash collateral use will resume on Monday at 2 p.m. ET.

Each side indicated to the court that it was optimistic that an agreement may be reached by that time.

Steve & Barry's is a Port Washington, N.Y.-based national apparel and accessories retailer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.