Bi-Los unsecured creditors have withdrawn their reorganization plan for the Mauldin-based grocery chain after term-loan lenders, also proponents of the plan, terminated their agreement to invest in it, according to a bankruptcy court filing.
The creditors plan was competing with a company-sponsored plan through which Bi-Los current owner, Lone Star Funds, would retain control.
It was unclear Wednesday how Bi-Los bankruptcy case would proceed.
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