Briggs & Stratton’s unsecured creditors will receive 7 to 10 cents on the dollar depending on when the company completes its bankruptcy court-approved sale to KPS Capital Partners. The final amount will depend on how quickly Briggs can complete its sale to the New York City private equity firm. The sooner it is completed, the more money the unsecured creditors will receive. The sale should be completed the week of September 21 according to the attorney for Briggs and Stratton.
Contemplating bankruptcy? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.