The company also will repay $ 4 . 2 million owed to trade creditors in four unequal installments beginning on Dec . 26.
32.
The company also expects to exchange about $ 7.5 million in debt owed to trade creditors for 8.3 percent ownership in the company.
33.
The proceeds would be used for settlement of trade creditors, to repay bank loans, develop new products and expand the company's distribution network.
34.
"They have problems and we are trying to help them through, " said Michael S . Fox, a lawyer for Zany Brainy's trade creditors.
35.
The Norwalk, Connecticut-based retailer said it filed for Chapter 11 because of a downturn in sales and a decline in support by trade creditors.
36.
And the filing shows that Enron owes $ 44.2 million to one trading creditor that it no doubt is not eager to pay : Dynegy itself.
37.
The trade creditors control a / c is the total of outstanding creditors and the suppliers ledger cards shows the amount due for each individual supplier.
38.
The company said it was seeking immediate permission from the court to continue honoring all customer commitments and to pay its offshore vendors and trade creditors.
39.
The continuing support of the trade creditors was also achieved by the receiver in spite of threats to demand immediate payments in full and to withdraw supplies.
40.
The company also expects to exchange about $ 7 . 5 million in debt owed to trade creditors for 8 . 3 percent ownership in the company.
