Bachrach Men’s Stores to Exit Bankruptcy Soon

Only four months after filing for Chapter 11 bankruptcy protection, Bachrach men’s stores is expected to emerge from bankruptcy by the end of August with 15 stores intact. Brian Davidoff, the bankruptcy attorney at Greenberg Glusker Fields Claman & Machtinger representing Bach­rach, said Israel Discount Bank of New York is taking a $2 million discount off its loan, and vendors will be receiving under 10 cents a dollar on money owed them.

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