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Judge OKs State Fair of Virginia Liquidation

by AP posted Mar 15 2012 9:09AM
RICHMOND, Va. (AP) - The State of Fair of Virginia's demise is now official.
 
The end came Wednesday when a federal bankruptcy judge approved a motion by the state fair's nonprofit operator to convert its Chapter 11 reorganization to a Chapter 7 liquidation. The State of Fair of Virginia Inc. said last week that it couldn't reach a financing agreement with a lender group.
 
<a href="http://bit.ly/zSnqzG">The Richmond Times-Dispatch</a> reports that a trustee is expected to be appointed Thursday to oversee the liquidation of the fair's assets and determine how much creditors will receive.
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Location : RichmondVirginia
03/15/2012 9:09AM
Judge OKs State Fair of Virginia Liquidation
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