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RNDC Shedding Leases as It Moves Into Asset Wind Down
Republic National Distributing Co. is seeking court approval to reject additional unexpired leases and to abandon related personal property as it continues a process that began shortly after it filed for Bankruptcy Act protection in July.
Where buyers can be found, RNDC is seeking to sell its operations. Where they
Here's How Much RNDC Owes Its Suppliers
We reviewed Republic National Distributing Company's Chapter 11 Bankruptcy Act petition. The petition indicates that once all transactions are completed, the company expects to have cash to pay some undisclosed amount to its unsecured creditors, who primarily include suppliers, landlords and in some cases financial institutions..
Here'
BREAKING: Uncle Nearest Insolvent, Sale Likely by June 30
Uncle Nearest Inc. "is insolvent (and) would be forced to cease operations within 30 days without continued cash infusions by" its principal lender, the Federal court overseeing the company's receivership was told. "Cessation of busienss would cause the loss of nearly 70 jobs and the