E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/10/2009 in the Prospect News Distressed Debt Daily.

WJ Holdings looks to extend cash collateral access to March 31

By Caroline Salls

Pittsburgh, Dec. 10 - WJ Holdings Liquidating Co., formerly Whitehall Jewelers, requested court approval to extend its access to the cash collateral of its pre-bankruptcy term lenders through March 31, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

According to the motion, the company is continuing to address its remaining wind-down issues, including the pursuit of remaining estate assets and the reconciliation of claims.

The cash collateral access is currently scheduled to expire on Dec. 31.

Whitehall, a Chicago-based jewelry retailer, filed for bankruptcy on June 23, 2008. Its Chapter 11 case number is 08-11261.


© 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.