A Bon-Ton storefront.
Courtesy Photo
At press time, the bankruptcy court-approved auction for The Bon-Ton Stores Inc. on Monday was headed toward a liquidation.
The company on Friday selected a bid by Hilco Merchant Resources and Gordon Brothers Retail Partners as the baseline for the court auction. The dollar amount of the bid was not disclosed.
Liquidators have been circling around the bankruptcy case, mostly because second-lien bondholders have been pushing for the liquidation since the retailer filed its voluntary Chapter 11 petition in February for bankruptc…
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