RETAIL
From Times Staff and Wire Reports
Creditors OK Carter Hawley Reorganization: Carter Hawley Hale Stores Inc. said its creditors and shareholders have approved its Chapter 11 bankruptcy reorganization plan by overwhelming margins. In all, 98.1% of the unsecured creditors--those who have no collateral guarantees from Carter Hawley--approved the plan. All four of the Los Angeles-based retailer’s secured creditors also voted in favor of the plan. A hearing on the proposal is scheduled for Monday in U.S. Bankruptcy Court in Los Angeles.
