US EditionJudge OKs reorganization plan for Franchise Group - Home News Now
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Judge OKs reorganization plan for Franchise Group - Home News Now
WILMINGTON, Del. — U.S. Bankruptcy Court Judge Laurie S. Silverstein confirmed the Ninth Amended Plan of Reorganization for 53 out of the 54 debtors affiliated with Franchise Group, approving a sweeping restructuring that will slash the company’s debt by $1.5 billion and preserve an estimated 9,000 jobs across 1,700 stores. However, as it relates to the 54th debtor, Topco/Freedom VCM, of which Brian Kahn and Lauren Kahn are equity holders, the …
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