WestPoint gets court extension

November 2003
Home Textiles Today;11/3/2003, Vol. 25 Issue 10, p17
Trade Publication
A bankruptcy court extension was received by WestPoint Stevens to file a plan of reorganization until March 31, 2004. The company said its creditors' committee has the option to require a further hearing on the portion of the extension. The company earlier withdrew its original plan or reorganization after it couldn't come to terms with bank leaders over the amount of debt that would remain on the company's books. Company executive, Lorraine Miller characterized the withdrawal of the original plan is more of a speed bump rather than a set back and said that the company will emerge from bankruptcy by the end of the first fiscal quarter of 2004.


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