Tupperware Debt Spat Threatens Door-to-Door Workers (Correct)

Tupperware’s first day in bankruptcy court hit a sour note as a spat between lenders and the 78-year-old company that’s synonymous with storing leftovers threatens the commissions of 465,000 door-to-door contractors.

The standoff threatens to quash Tupperware’s revival plans before the company has a chance to hold a court-supervised auction designed to attract investors willing to save the money-losing business. That’s because Tupperware has only $7.4 million in cash, but it can’t spend any of it without approval from lenders. It owes its traveling contractors $1.4 million for accrued but unpaid commissions.

“That’s like saying you have only $1.50 ...