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Belk Outlines Plans for Chapter 11 Bankruptcy

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Belk expects to do a quick in-and-out tour of bankruptcy court to restructure its balance sheet. The department store retailer on Monday confirmed plans to financially restructure its balance sheet through an expedited “prepackaged, one-day” reorganization. The retailer said it will file for Chapter 11 on Feb. 24, 2021, and hold a confirmation hearing on…

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