Bankruptcy Judge Charles E. Rendlen has cleared Bakers Footwear Group Inc. to replace its bankruptcy financing with a new $9.5 million loan with a later maturity date, Dow Jones DBR Small Cap reported today. Judge Rendlen signed off on the loan, which pays back borrowings under a $22 million loan from Crystal Financial LLC. That loan was slated to mature on Sept. 16, and failure to repay the borrowings would have triggered the chain to liquidate.
