Spencer reorganization filing expected by Oct. 1. (Spencer Companies Inc.)

Daily News Record, August, 1987

Spencer Reorganization Filing Expected by Oct. 1

Spencer Companies, Inc., which is operating in Chapter 11 proceedings here, expects to file a reorganization plan in bankruptcy court by Oct. 1, according to an attorney for the company.

The attorney, Paul D. Moore of Foley, Hoag, & Eliot, declined to disclose details of the plan at this time. Meanwhile, C. Charles Marran, chairman, said that Spencer, a discount footwear retailer, is operating at a break-even level.

Spencer had reported that it expected to file a plan in "the near future' in a press release announcing that Paul F. O'Conor had resigned as president and director of the company. Marran will become acting president on an interim basis.

O'Conor will pursue other...

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