Shopko stores throughout Montana will be closing soon due to the company’s bankruptcy filing, and in addition to the loss of local jobs, Montana officials are advising gift card holders to redeem them soon.
KGVO News has received a copy of a speech given to Vann's Incorporated employees on Friday, stating the reasons why the Trustee has moved from Chapter 11 to Chapter 7 bankruptcy protection.
Missoula attorney Dick Samson is working with the bankruptcy court as a panel trustee, as two different firms are involved in negotiations on whether to purchase Vann's Incorporated.
Vann’s, Incorporated’s new CEO Jerry McConnell sent a letter Sunday to all employees regarding the company’s Chapter 11 Bankruptcy filing in Federal Bankruptcy Court. In the letter, attached below, McConnell explains what the Chapter 11 filing means to employees, customers, suppliers and vendors.