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
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers U > Headlines for Ultimate Electronics, Inc. > News item
Published on 2/4/2011 in the Prospect News Distressed Debt Daily.

Ultimate Electronics parent prepares for store closures, liquidation

By Lisa Kerner

Charlotte, N.C., Feb. 4 - Ultimate Electronics parent Ultimate Acquisition Partners, LP asked the court to approve its plan to retain Gordon Brothers Retail Partners, LLC and Hilco Merchant Resources, LLC as liquidating consultants to close the debtors' retail stores, according to a Feb. 4 filing with the U.S. Bankruptcy Court for the District of Delaware.

Ultimate Electronics, a Thornton, Colo.-based consumer electronics retailer, filed for bankruptcy on Jan. 26. The Chapter 11 case number is 11-10245.


© 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.