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Bobby Kraft's World Marketing Inc. seeks auction to exit Chapter 11

Dec 04, 2015 - Milwaukee Business Journal

Bobby Kraft's World Marketing Inc. - which its bank says has been hemorrhaging money since filing for Chapter 11 reorganization and failed to find a buyer - now wants to auction all of its property.

World Marketing filed a motion Thursday to hire an auctioneer and said its secured lender Associated Bank supports selling the company's assets. A hearing on the motion is scheduled for Dec. 9 in U.S. Bankruptcy Court in Chicago.

If the auction plan is approved, it could set up the final ...