Tupperware Gets Deal to Avoid Liquidation After Judge Intervenes.

Tupperware Brands Corp. has reached a deal with its creditors to avoid liquidation, with lenders acquiring the business in cash and credit. The federal judge overseeing the bankruptcy played a crucial role in pushing both parties to settle the dispute. The lenders will pay $23.5 million in cash and swap $63.8 million in debt for ownership, with final court approval pending. The company faced financial challenges due to weakening demand and competition in the retail market. [Extracted from the article]