Grand Union Capital commences voluntary Chapter 11 case.WAYNE Wayne, city (1990 pop. 19,899), Wayne co., SE Mich., a suburb of Detroit, on the Lower Rouge River; inc. as a village 1869, and with surrounding areas as a city 1960. It has automobile and aircraft industries and other varied manufactures. , N.J.--(BUSINESS WIRE)--Feb. 16, 1995--Grand Union Capital Corp. announced today that it had filed in the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the District of Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). a consent to the entry of an order for relief on the involuntary involuntary adj. or adv. without intent, will, or choice. Participation in a crime is involuntary if forced by immediate threat to life or health of oneself or one's loved ones, and will result in dismissal or acquittal. INVOLUNTARY. Chapter 11 petition which had been filed against it in that court on Feb. 6, 1995, thereby commencing a voluntary Chapter 11 case. A company spokesperson noted that, following the entry of the order for relief, the company expects to file a plan of Reorganization and a Disclosure Statement within the time provided by applicable law. The company's wholly-owned subsidiary, The Grand Union Co., filed a Plan of Reorganization and related Disclosure Statement in the U.S. Bankruptcy Court for the District of Delaware on Feb. 6, 1995. The company's sole stockholder, Grand Union Holdings Corp., filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware today. CONTACT: Grand Union Capital Corp. Gary Gary, city (1990 pop. 116,646), Lake co., NW Ind., a port of entry on Lake Michigan; inc. 1909. Gary was founded by the U.S. Steel Corporation, which purchased the land in 1905 and landscaped it for a city. D. Hirsch, 914/921-3000 |
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