The original negotiations failed, and Mervyn's liquidated all 149 stores under the bankruptcy action.
The bankruptcy action is unusual in that it follows the increasingly broad use of the bankruptcy law.
In April, it sold 70 acres of land adjoining the main pastures, and speculation grew that some form of bankruptcy action was imminent.
Only days after that, he paid the overdue taxes and canceled the bankruptcy actions.
The index is intended to measure the performance of bonds after the market reacts either to a default on interest payments or to a bankruptcy action.
The bankruptcy action will have no direct effect on the stores' operations, the management of Federated and Allied said yesterday.
Many homeowners who stay do so because they cannot afford to move, and they fear that the city's bankruptcy action will further depress house prices.
The claims process is similar to a standard bankruptcy action in which creditors submit claims to the assignee for review and acceptance.
They were lost to you in the bankruptcy action of your parents.
A small minority of dissident holders could still initiate the bankruptcy action.