Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mervyn’s Holdings, LLC > News item |
Mervyn's hearing on return of vendor goods continued to Dec. 23
By Jennifer Lanning Drey
Portland, Ore., Oct. 21 - Mervyn's Holdings, LLC's hearing on GMAC Commercial Finance LLC's request that the court order Mervyn's to return goods sold to the company prior to its bankruptcy filing was continued to Dec. 23, according to a source familiar with the case.
The hearing was originally scheduled for Oct. 21 in the U.S. Bankruptcy Court for the District of Delaware.
As previously reported, GMAC is a vendor factoring agreement party.
In a Sept. 24 motion, GMAC asked the court to force Mervyn's to return all goods sold by the vendors under the agreement in the 45 days leading up to its bankruptcy filing or immediately pay a $3.89 million administrative claim.
Mervyn's, a San Francisco-based department store, filed for bankruptcy on July 29. Its Chapter 11 case number is 08-11586.
© 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.