Beemster makes it better
Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
A&P Seeking Extension for Bankruptcy Through 2017

A&P Seeking Extension for Bankruptcy Through 2017


MONTVALE, NJ
Tuesday, July 19th, 2016

You haven't heard the last of the A&P bankruptcy saga, it seems. New documents have surfaced that suggest the struggles may go on through 2017.

Judge Robert Drain, U.S. District Court, White Plains, NY

In a court filing made with the U.S. Bankruptcy Court in White Plains, NY, A&P's lawyers asked Judge Robert Drain to extend its bankruptcy through 2017, in an effort to increase the time it has to distribute the nearly $1 billion of proceeds from its liquidation to its creditors. If approved, this would extend A&P’s “exclusivity period” through January 19, 2017, according to The Wall Street Journal.

Companies that file for chapter 11 bankruptcy are awarded exclusivity automatically, the report explains, which shields them from creditors or other outside parties who would look to interfere with the process.

As we’ve covered in prior articles, A&P filed for its most recent bankruptcy in July 2015, beginning the process of liquidating its business of 296 supermarkets and other stores under brands including Waldbaum's, SuperFresh, Pathmark, Food Basics, The Food Emporium, Best Cellars, and A&P Liquor over a several month period. In these newly introduced filings, the company reported it has garnered have about $910 million and saved more than 18,000 jobs through its various auctions and sales.

Next on A&P's agenda as it looks to wrap up its bankruptcy proceedings? Finalize the sale of its last remaining assets—16 liquor stores, for one, while also figuring out its creditor-repayment plan, Wall Street Journal says. Still subject to a creditor vote and final legal approval, A&P’s lawyers shared that the company has already paid off $300 million of its secured debt.

A hearing on the exclusivity extension was slated for the middle of this month.

A&P


Beemster makes it betterEiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature

Have a new product, press release or story idea?

Let us know

In This Story


The Great Atlantic & Pacific Tea Company, better known as A&P, is a supermarket and liquor store chain in the United States.

Good Food Media Network Releases 2018 Good Food Restaurants™ List

The company releases its annual rating and economic report offering insight into the purchasing practices of chefs and restaurants and their commitment to sustainable sourcing.
View Press Release

Charlotte-Based Hissho Sushi Debuts at Bank of America Stadium for Carolina Panthers’ 2018-2019 Season

The company provides visitors and Panthers fans sophisticated, fresh options like the California Roll, Spicy Tuna Roll, and Crispy Crab Roll.
View Press Release

P3 Named Official Protein Snack of UFC®

UFC® announced a new marketing partnership with Oscar Mayer®.
View Press Release

New Tuscanini Parchment Crackers Bring the Sun-Kissed Taste of Italy to America's Table

Three handmade varieties deliver a sophisticated touch to meals and light snacks.
View Press Release