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See TheDeal.com's bankruptcy channel or visit Bankruptcy Insider for more of The Deal's coverage of the latest bankruptcy news.
Bay Harbour to buy Steve & Barry's
Bankrupt discount retailer Steve & Barry's LLC, known for pricing its clothes under $10, was sold to Bay Harbour Management LLC for $168 million early Thursday. Judge Allan Gropper of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan will consider the approval of the sale at a hearing Thursday. Bay Harbour became the stalking horse bidder on Aug. 4 after they bid $163 million. -- Jamie Mason Quick Service Foods sells stores Bankrupt Church's Chicken franchisee Quick Service Foods-Tampa Inc. has sold its 18 stores to four bidders for more than $6.4 million. According to court documents, New Way Land LLC, MMFD Inc., American Food Service LLC and ISA Investments LLC acquired the lot. -- J.M. Sequoia wants to sell clinics Bankrupt Sequoia Community Health Foundation Inc. wants to sell its eight clinics for $8.27 million to pre- and postpetition lender Clinica Sierra Vista. Judge Whitney Rimel of U.S. Bankruptcy Court for the Eastern District of California in Fresno set Aug. 27 for an auction in open court that would then be followed by the expedited sale hearing, records show. -- Terry Brennan Barbeques Galore gets $3M DIP Barbeques Galore Inc. has fattened up with $3 million in post-petition financing as it hopes to get a going concern offer. The Carlsbad, Calif., barbecue grill retailer was permitted on Tuesday, Aug. 19, to use a $3 million portion of a debtor-in-possession loan from senior lender Wells Fargo Retail Finance LLC. A Sept. 15 final hearing on the DIP has been set. -- Ben Fidler See TheDeal.com's bankruptcy channel or visit Bankruptcy Insider for more of The Deal's coverage of the latest bankruptcy news. Categories Deal Video
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