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Article: In short
- Article from:
- The Irish Times
- Article date:
- May 27, 2009
CopyrightCopyright 2009 The Irish Times. Provided by ProQuest LLC. (Hide copyright information)
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A round-up of today's other courts news in brief
Golden Discs survival plan to save 77 jobs A survival scheme
for the Golden Discs retail group was approved by the High Court
yesterday.
Under the scheme, 10 stores and four franchised outlets will
continue as going concerns with 77 jobs saved.
The group had operated 20 stores, including six franchised
stores.
The scheme arises from the appointment last February of an
interim examiner after the court was told the group's total
liabilities were some [euro]9.5 million and that it was insolvent.
Sony Music Entertainment made the application for an interim
examiner in its capacity as one of the group's largest unsecured
creditors and supplier of ...