U.S. Bankruptcy court signs order confirming All For A Dollar's Joint Plan of Reorganization.SPRINGFIELD Springfield. 1 City (1990 pop. 105,227), state capital and seat of Sangamon co., central Ill., on the Sangamon River; settled 1818, inc. as a city 1840. , Mass.--(BUSINESS WIRE)--June, 20, 1995--All For A Dollar Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADLRQ), announced today that 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. in Worcester Worcester, city, England Worcester (w  s`tər), city (1991 pop. 75,466) and district, Worcestershire, W central England, on the Severn River. , Mass., signed an order confirming All For A Dollar's (AFAD AFAD Asian Federation Against Involuntary DisappearancesAFAD Air Force Acquisition Document AFAD Assessment/Force Accounting Database AFAD Air Force Acquisition Directive AFAD Automated Flagging Assistance Devices ) Joint Plan of Reorganization. The plan shall be deemed confirmed upon AFAD depositing approximately $3.6 million as a confirmation deposit into a special account for the exclusive purpose of making distributions pursuant to the plan. Such deposit must be made on or before June 30, 1995. AFAD is working toward obtaining at least $1.5 million of the amount from a private placement of two year notes and warrants. The balance remaining will be available from cash on hand and borrowing from the existing line of credit. Additionally, AFAD announced that on June 14, 1995, Christopher C. Catjakis voluntarily resigned as an executive officer and director of AFAD. Catjakis will continued to be employed by the company. CONTACT: All For A Dollar, Springfield Donald A. Molta, 413/733-1203 |
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