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RadioShack Ready To File Restructuring Plan

Five months — and $2 million in post-petition financing — after filing for bankruptcy protection for the second time in as many years, RadioShack owner General Wireless Operations and its hedge fund parent Standard General are about to file a restructuring plan.

“Bankrupt electronics retailer RadioShack told a Delaware judge Wednesday it will soon be filing a restructuring plan after the court granted its request for an extension of its exclusive plan filing period and $2 million in post-petition financing.”

See the full story at Law360 (subscription required)