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COPYRIGHT 2000 The Miami Herald
Byline: Beatrice E. Garcia
Apr. 27--Lawyers for CHS Electronics told the U.S. Bankruptcy Court Wednesday that it won't try to reorganize its finances but instead will liquidate its assets after it completes the sale of its European subsidiaries.
The plan to liquidate the once-high-flying Miami company came Tuesday, as CHS met with a group of its creditors, which includes equipment manufacturers such as Compaq Computer, IBM, Seagate Technologies, and Mannesman Dematics of Germany. CHS had given the companies guarantees on behalf of its subsidiaries.
These creditors represent more than half of $495 million in debt...
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