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won approval of a liquidating Chapter 11 plan proposed by the company and the official creditor's committee.The bankruptcy judge signed a confirmation order yesterday, according to court files.Haven't you paid attention to how any of the recent closures went? The brand name is now tainted, and I suspect that by summer the entire chain will be gone. We happened to wander in to a Wally World for the first time in several years, and were AMAZED by number of people shopping on a weeknight.

Ritz has a total of 51 stores in the Washington area.

A group including the company's chief executive officer paid .25 million in cash and a .8 million note in July to buy at least 163 of the remaining 375 camera stores.

Later, Ritz sold a million account receivable for

Ritz has a total of 51 stores in the Washington area.

A group including the company's chief executive officer paid $16.25 million in cash and a $7.8 million note in July to buy at least 163 of the remaining 375 camera stores.

Later, Ritz sold a $4 million account receivable for $1.5 million to an owner of the company that owed the debt.

The privately held company filed for Chapter 11 bankruptcy protection last month to cover more than $54 million in debt to such creditors as Fuji Photo Film, Nikon, Canon USA and Wachovia Bank. The attorneys for Ritz Camera said the company has received bids from six liquidators and other potential buyers for assets of the marine business, which would be sold at auction on March 17.

The attorneys said they would seek court approval to use the same procedure to sell off the 400 Ritz stores in early April.

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Ritz has a total of 51 stores in the Washington area.A group including the company's chief executive officer paid $16.25 million in cash and a $7.8 million note in July to buy at least 163 of the remaining 375 camera stores.Later, Ritz sold a $4 million account receivable for $1.5 million to an owner of the company that owed the debt.The privately held company filed for Chapter 11 bankruptcy protection last month to cover more than $54 million in debt to such creditors as Fuji Photo Film, Nikon, Canon USA and Wachovia Bank. The attorneys for Ritz Camera said the company has received bids from six liquidators and other potential buyers for assets of the marine business, which would be sold at auction on March 17.The attorneys said they would seek court approval to use the same procedure to sell off the 400 Ritz stores in early April.

.5 million to an owner of the company that owed the debt.

The privately held company filed for Chapter 11 bankruptcy protection last month to cover more than million in debt to such creditors as Fuji Photo Film, Nikon, Canon USA and Wachovia Bank. The attorneys for Ritz Camera said the company has received bids from six liquidators and other potential buyers for assets of the marine business, which would be sold at auction on March 17.

The attorneys said they would seek court approval to use the same procedure to sell off the 400 Ritz stores in early April.




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