Pack of bidders in frenzy over bankrupt Wolf Camera.(Brief Article)

Byline: Shanon D. Murray

A bankruptcy judge in Atlanta will decide Sept. 21 whether to allow Wolf Camera Inc., the second-largest U.S. specialty photo retailer, to sell all its assets for $84.7 million to Ritz Camera Centers Inc. or to let its creditors consider last-minute offers from two private equity firms and a U.K. retailer.

Cardinal Investment Co., a Dallas-based private equity firm, offered to pay $53 million in cash and assume some Wolf Camera liabilities. Palladin Capital Group, along with GB Equity Partners, proposed a deal to invest $15 million in Wolf Camera in an effort to keep the chain operating.

However, Wolf's unsecured creditors …