OLIVER'S STORES <OLVR> FILES CHAPTER 11
Oliver's Stores Inc said it has
decided to reorganize under Chapter 11 of the federal
bankruptcy laws and will file a petition by the end of this
week.
    The company said it has failed to reach agreement with
primary lenders Manufacturers Hanover Corp <MHC> and Midlantic
Corp <MIDL> on a debt restructuring.
    It said Manufacturers has declared the company in default
and demanded repayment of about six mln dlrs in debt.
 Reuter
