Carl Marks Advisory Group LLC has been appointed the chief restructuring officer for Belle Foods LLC following its bankruptcy filing.
The appointment comes one day after Belle said it would sell its 44 remaining stores as part of an agreement with its largest creditor.
According to court filings, CMAG will be paid a fixed fee of $37,500 per week to provide a range of services, including working with the grocery chain's management team to find a long-term solution to its liquidity and balance sheet issues, including a prospective sale or merger.
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