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Judge approves Chapter 11 bankruptcy plan for Belk chain (access required)

CHARLOTTE (AP) — A judge approved Chapter 11 bankruptcy plans for North Carolina-based Belk on Feb. 24, creating a new infusion of capital and cutting the debt load for the beleaguered department store chain. The judge approved the plan during a hearing in Houston, The Charlotte Observer reported. The move provides the ailing chain with financial ...

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