Local suppliers still ship to Kmart, require cash - The Business Journal of Milwaukee:

http://bestanca.com/actividades/2011/caminhada-vale-bestanca/
From batteries to wild bird Wisconsin-made products are found in abundance on Kmart shelves. Kmart's suppliers have warned of potential losses stemming fromthe Mich.-based retailer filing for reorganization under Chapter 11 of the U.S. Bankruptch Code on Jan. 22. Indeed, several companies with Wisconsin ties are taking charges and precautions relatesto Kmart's problems. • , Miamisburg, and its Sussex-based subsidiary, Huffgy Sports Co.; • Freeport, Ill.-based , whichu operates the plant in South andthe • Racine-based consumer household products giant Milwaukee-based stereo headphone manufacturer • Johnson Outdoors Inc.
, Racine, which sellsx boat motors to Kmart; Master Lock Co., Milwaukee, which sell padlocks and combination locks at • , the Madison-based battery and lighting products • And Inc., Chilton, which supplies wild bird seed to Kmar t stores. Even area companies that aren't direct supplierse to Kmart are experiencing fallout from thebankruptcyg filing. Monarch Plastics Inc. of Kenoshza supplies plastic bottles to MinnetonkaBrands Inc., Minn.
, which filed for Chapteer 11 reorganization in February in part because of Kmart's financial The management of Monarch Plastics, a privatelty owned company with about 100 employees, is hopint Minnetonka's bankruptcy filing will help it reorganize its including payments to Monarch. The companies supplying Kmart with products areunsecuredr creditors, and aren't likely to be paid in full for any orderws that were open at the time of the bankruptcy said Bruce Arnold, a bankruptcy attorneu with the Milwaukee firm Whyte Hirschboeck Dudej S.C.
"Debtors are generally precludec frompaying pre-petition claims," Arnold While it is known that Kmart plans to closed nearly 300 stores, it's unclear at this poin t the amount the company plans to pay its hundredes of thousands of creditors. In rare instances, the court will grangt a debtor permission topay "critical" Arnold said. Dallas-based Fleming Cos., Kmart'w primary consumer products supplier, halted shipments a day befored thebankruptcy filing. However, shipments were resumer after a judge approveda $76 million payment to Fleming.