Rite Aid 2024 News. Has been cleared to exit bankruptcy after winning court approval on a restructuring plan that’s poised to save the ailing pharmacy chain from liquidation by handing. Rite aid's bankruptcy plan, revised on thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have.

Is working to complete a deal with lenders to exit bankruptcy. Rite aid’s restructuring would provide $47.5 million to junior creditors, including individuals and local governments that have sued the company over its opioid sales.