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  • MEALEYS HEADLINES
  • Lack Of Bidders Forces Ritz Camera To Convert To Chapter 7 Bankruptcy

01/24/2013 03:22:01 PM EST

Lack Of Bidders Forces Ritz Camera To Convert To Chapter 7 Bankruptcy

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LexisNexis® Mealey's™ Bankruptcy Legal News

WILMINGTON, Del. - The federal bankruptcy judge in Delaware who is presiding over the Chapter 11 bankruptcy of Ritz Camera & Image LLC on Jan. 15 ordered the proceeding to be converted to Chapter 7 liquidation because of Ritz's inability to find a buyer for all of its assets (In Re: Ritz Camera & Image LLC, No. 12-11868, Chapter 7, D. Del. Bkcy.).Full story on lexis.com