Worlds of Wonder Inc. announced that a...
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Worlds of Wonder Inc. announced that a majority of the company’s secured lenders and the creditors committee representing unsecured creditors have agreed in principle to management’s plan for operating the toy business through March 31, 1989. A hearing on a cash collateral agreement to support the plan has been set for June 13 in bankruptcy court. In the interim, the Fremont, Calif.-based company’s creditors have agreed to extend the existing cash collateral arrangement to provide operating funds within previously agreed upon budget limits.
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