'Cratered' Forever 21 Faces Huge Debt After $81M Ch. 11 Sale

By Jeff Montgomery ( February 11, 2020, 9:56 PM EST) -- Less than two months after a lender-required revaluation "cratered" its Chapter 11 budget and borrowing ability, Forever 21 secured a Delaware judge's tentative approval Tuesday for an $81.1 million company sale, leaving in doubt recoveries for those holding $130 million in administrative claims....

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