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