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Article: Montgomery Ward Bankruptcy News: First Issue Free
- Article from:
- PR Newswire
- Article date:
- July 8, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Princeton, N.J., July 8 /PRNewswire/ -- Bankruptcy Creditors' Service, Inc., today announced publication of MONTGOMERY WARD BANKRUPTCY NEWS. This new case-specific bankruptcy newsletter follows yesterday's announcement by Montgomery Ward Holding Corp., Montgomery Ward & Co., Incorporated and 58 of their affiliates that they have commenced a reorganization under chapter 11 of the United States Bankruptcy Code.
"Montgomery Ward proposes to restructure $4 billion of debt by repositioning itself in the retail marketplace--maybe it'll work; maybe it won't," said Peter A. Chapman, President of Bankruptcy Creditors' Service, Inc., and Editor of MONTGOMERY WARD ...