Belvedere seeks protection from creditors
French drinks group Belvedere said it is seeking protection from creditors, or a 'safeguard procedure', for the next six months after the holders of 375 million euros in floating rate notes announced they will be seeking repayment in full.
A cash-starved Circuit City has filed for Chapter 11 bankruptcy protection and will continue to operate the business as a debtor in possession with the help of $1.1 billion in financing from its current lenders.