Ch. Of the Brooks brothers. 11 The scheme has a pension fund regulations


By Rick Archer (Jan.26, 2021, 6:43 p.m. EST) – A Delaware bankruptcy judge said on Tuesday he was ready to send the men’s suit retailer Brooks Brothers Chapter 11 plan for a creditors vote, including a settlement of nearly $ 70 million claim against the company for pension funding.

The plan in the disclosure statement discussed at a remote hearing will allow Federal Pension Benefit Guaranty Corp.

The 202-year-old business reached Chapter 11 in July after extrajudicial efforts to sell the business were sparked by the …

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