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Judge Shares Concerns With Direction of True Value Bankruptcy Filing - Hardware Retailing

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By Dan Tratensek, Tratensek worked
| Hardware Retailing Verified
In a transcript obtained by Hardware Retailing from an emergency discovery conference held on October 23, the judge overseeing True Value’s Chapter 11 bankruptcy filing openly stated her concerns about whether True Value has been providing “adequate protection to the lenders” throughout the process. In the transcript, concerns were brought before the court by PNC Bank, one of the largest lenders involved in the bankruptcy.
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