A U.S. Bankruptcy Court judge gave Kmart Corp. approval to pay Weyerhaeuser Paper.
Judge Susan Pierson Sonderby, chief judge of the U.S. Bankruptcy Court for the Northern District of Illinois, approved a $6.4 million payment to Weyerhaeuser Co., which holds a garbage hauling contract for Kmart's 2,100 stores nationwide.
Weyerhaeuser agreed to let Kmart hold back $1.677 million of the payment until the retailer emerges from bankruptcy and also let Kmart cut to 30 days from 90 days the notice it must give Weyerhaeuser if it wants to end the contract.
Latest from Recycling Today
- AISI, Aluminum Association cite USMCA triangular trading concerns
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
- Oregon county expands options for hard-to-recycling items