Winn-Dixie Bankruptcy

By: Associated Press
By: Associated Press

Thursday was a big payday for attorneys and consultants reorganizing bankrupt Winn-Dixie.

A bankruptcy judge approved fees and expenses totaling about $15 million. He also approved Wachovia Bank's request to hire a fee examiner. Wachovia is lending the bankrupt supermarket chain $800 million for its reorganization.

A Winn-Dixie attorney says fee oversight is typical with big cases and Winn-Dixie's is the largest Chapter 11 case in the US this year.

When it filed in February, Winn-Dixie listed assets of $2.2 billion dollars and liabilities of $1.9 billion dollars.

Winn-Dixie plans to operate 587 stores in the US Southeast and the Bahamas.

On the Net: Winn-Dixie Stores Inc.: www.winn-dixie.com


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