Git-N-Go was back in bankruptcy court on Wednesday
Git-N-Go was back in federal bankruptcy court Wednesday taking questions from people and businesses wondering when and if they'll be paid. <br><br>News on 6 anchor Tami Marler was at Git-N-Go's
Wednesday, March 10th 2004, 12:00 am
By: News On 6
Git-N-Go was back in federal bankruptcy court Wednesday taking questions from people and businesses wondering when and if they'll be paid.
News on 6 anchor Tami Marler was at Git-N-Go's meeting with its creditors Wednesday.
Git-N-Go's meeting with creditors was "standing room only". Several people took the opportunity to ask questions and you get a sense of the wide array of people who are affected when a business files for bankruptcy protection.
Git-N-Go's 550 current employees are the most immediate and obvious, but there are also vendors who haven't been paid, landowners who lease property to the stores, municipalities who haven't received tax payments. Reggie Ball is waiting for a bankruptcy judge to decide whether he gets his 4-weeks' vacation pay after being terminated without notice. "I worked at Git-n-Go for 38 years up until February 13th, my career spanned these years."
There are also people who were receiving payments through the Department of Human Services, whose ex-spouses' Git-N-Go wages were garnished to pay child support. The company's list of creditors includes "child support divisions" from several counties. Lucille Smith, Git-N-Go creditor: "Git-n-go garnished his wages and paid the DHS and DHS paid me. At that time he owed $5,000 to $7,000 in back pay which should have been garnisheed from said wages."
Git-N-Go's attorney was careful to place the responsibility on the bankruptcy court's shoulders, saying the company is only "allowed" to pay creditors approved in the court's reorganization plan.
Charles Reeves, Git-N-Go's chief restructuring officer says the company is dealing with its landlords to reduce its leases right now and the deadline for providing a detailed list of creditors is March 15th. After that, those creditors have 90 days to file proof that they have a claim. That's when the court can really get to the work of determining when and which creditors can be paid.
Charles Reeves said Wednesday, he doesn't expect to close anymore of Git-N-Go's 76 remaining stores.
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