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Saturday December IMS Robert CampeaiTs empire nears bankruptcy Diane Your Business Struct Robert Campeau s struggle for survival took a turn for the worse this week raising again the pro spect that his S retail empire might be forced to seek protection under Chapter of U S bankrupt Mr Campeau owns Federation Department Stores and Allied Stores making him one of the big gest retailers in the United States Under Chapter a court presides over the sale of a company s assets if that is what it deems necessary to solve the company s financial problems The worst blow came from Dun and a US credit rating agency Dun and Bradstreet advised manufacturers and distributors to stop shipping goods to Federated and Allied For troubled retailers this can be the kiss of death The company responded with shock and anger but it has not been able to dispel the uncertainty On Wednesday in a filing with the US Securities and Exchange Commission Corp ad mitted that if it does not come up with some money soon it will have to seek Chapter protection Bankruptcy is spelled out as a possibility given certain a Campeau spokesman said The companies are going to be counting upon the cooperation of its bondholders and other lenders to see it through TWO CHOICES Holders of junk bonds of Federated and Allied have been bucking an attempt by the Campeau s second largest shareholders to restruc ture the company Faced with a diminished net worth the Reichmanns are trying to get ban dholders to share the losses with shareholders Bondholders can either go along with the plan or kiss their money goodbye the OFFICE MAGIC 136C Guelph St Georgetown by Ralph Lauren NOW AVAILABLE 211 Guelph Street Georgetown 8777361 NORTHVIEW CENTRE HALTEL Communication Inc O Weve packed a fax photocopier and answering machine inside this handsome case F120 Fax Plus The complete messaging system The first messaging system to include a high speed fax copier full featured answering machine executive telephone speakerphone even a dictating machine and room monitor Plugs into any standard phone jack no dedicated tax line required Sleek compact 14 design fits on the comer of your desk Remarkably affordable Only your ft iKjUi am fxtncf warranted Campeau spokesman Implied In the next 30 to days there s going to be a restructuring one way or the other she said One way is a voluntary one under the plan The other would be under bankruptcy protection Shareholders of Campeau Gorp will be hoping the win They will also be wondering what the future holds for them If Federated and Allied go into receivership will Campeau stock be worthless The answer Is no but what it would be worth is impossible to say In its filing with the SEC Campeau is laying the facts out as they stand True as they are though these facts tend to serve the interest of shareholders To the extent that junk bond holders take less money shares will be worth more This poses a problem for people who already own Campeau stock Those who do not should not rush out to buy it unless they are strong of heart and can afford to gamble Even if the succeed in VITEX SPECIAL BEST PERFORMER 10 Floppy lips Monitor Call Bill at Strike the right income balance Make your money work for you during one or more of Mutual lies el remonl income Options RRIFs Or comb nations of At we have oil the re income opt you II eve need plus the profess ad v of Mutuol agent Call and f out all the BRIAN G00DLET 8775129 The Mutual Group restructuring Campeau will the shares be worth any more than they are today Again this is impossible to predict Whether it is best to sell the stock now or keep it in hopes of a happy resolution depends on one s personal financial position END OF THE DECADE SALE AT IBM Compatible 1 Floppy Drive Memory Parallel 101 Key Board Battery Backed Clock Power Sopply 899 00 Sale Ends Jan 384 Guelph St Unit 2A Georgetown Ontario 8730325 265 Guelph Street Georgetown Ontario 8733310