Ritz Camera trustee requests approval of $1.8 million property sale

By Caroline Salls

Pittsburgh, March 21 - Ritz Camera & Image, LLC's Chapter 7 trustee requested court approval of the $1.8 million private sale of a Topeka, Kan., property to JW Manufacturing, Inc., according to a March 20 filing with the U.S. Bankruptcy Court for the District of Delaware.

Ritz said the property, which is its only remaining real property, is vacant and consists of a distribution facility containing vacant warehouse space and related office space.

Although the proposed sale is private, the trustee has reserved the right to accept alternative offers and accept the highest and best offer in lieu of JW's offer, the motion said.

A hearing is scheduled for April 29.

Ritz Camera & Image, a Beltsville, Md.-based specialty camera and image chain, filed for Chapter 11 bankruptcy on June 22, 2012. Its case number is 12-11868.

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