Dan River runs dry

Hogsett, Don
April 2004
Home Textiles Today;4/5/2004, Vol. 25 Issue 30, p1
Trade Publication
Reports on Dan River Inc.'s filing for Chapter 11 bankruptcy protection in a U.S. Bankruptcy Court in Newnan, Georgia. Decline in sales; Adverse effects of low-cost offshore imports; Inability to pay a broad-based consortium of creditors that included lenders, Kmart, suppliers, licensors, utilities and former employees; Sales in home fashions and apparel fabrics businesses.


Related Articles

  • Dan River Files Chapter 11. Malone, Scott // WWD: Women's Wear Daily;4/1/2004, Vol. 187 Issue 68, p8 

    Reports on Dan River Inc.'s filing for Chapter 11 bankruptcy protection in March 2004. Company officials' belief that their debt structure would allow for a brief period of court protection; Chairman and chief executive officer Joseph Lanier's comments on the company's ability to generate...

  • Court approves Dan River's Chapter 11 reorganization proposal.  // Kids Today;Feb2005, p21 

    Announces the approval made by a bankruptcy court to the reorganization plan of textile manufacturer Dan River Inc. in the U.S. Amount of money held by the company as debt; Plan of issuing common stock to certain post-emergence lenders and to the unsecured pre-petition creditors; Views of Joseph...

  • Dan River Files for Chapter 11 Protection.  // Textile World;May2004, Vol. 154 Issue 5, p12 

    The Danville, Virginia-based textile manufacturer Dan River Inc. has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code to facilitate restructuring of the company's debt. The company also has received a commitment for up to 145 million dollars in new debtor-in-possession...

  • Dan River Emerges From Chapter 11.  // Textile World;Mar2005, Vol. 155 Issue 3, p11 

    Dan River Inc. emerged from reorganization less than eleven months after filing for bankruptcy protection. The home fashions and apparel textiles manufacturer has received financing under a secured financing facility syndicated by Abelco Finance. The company also received an additional secured...

  • Vertis Files Pre-Pack Ch. 11, Gets $200M DIP. Sheahan, Matthew // High Yield Report;11/22/2010, Vol. 21 Issue 47, p14 

    The article reports that a prepackaged Chapter 11 restructuring plan has been filed by communications company Vertis Holdings and it has secured a 200 million U.S. dollar debtor-in-possession (DIP) revolver atop its previously announced 600 million U.S. dollar in new debt.

  • Chapter 11 can be an effective tool. Goldman, Irve J. // Westchester County Business Journal;4/16/2012, Vol. 48 Issue 16, p27 

    The article focuses on the effective use of Chapter 11 by companies facing bankruptcy to reduce debt, particularly to freeze pre-petition debt, restructure secured debt, and extend payment of tax debt.

  • Tech firm CDEX files Ch. 11 reorganization.  // Inside Tucson Business;2/17/2012, Vol. 21 Issue 38, p3 

    The article reports on the Chapter 11 bankruptcy reorganization filed by CDEX Inc., an 11-year-old technology development company, along with a plan to restructure its debts that would provide the most efficient means with minimal impact to the business.

  • New Legislation on Insolvency in the Czech Republic. HerManov�, Mark�ta // Czech Business & Trade;2008, Issue 01/02, p12 

    The article offers information about the introduction of Insolvency Act in the Czech Republic. It mentions that the legislation concerns itself with the bankruptcy, reorganization and discharge from debts. The author added that the most significant features of the new insolvency legislation are...

  • Lyondell Reorg Plan Approved by Bankruptcy Court. Hamerman, Joshua // High Yield Report;5/3/2010, Vol. 21 Issue 18, p28 

    The article reports on the approval of the reorganization plan of Dutch chemical company LyondellBasell by the U.S. Bankruptcy Court for the Southern District of New York on April 23, 2010, wherein the reorganized company will operate under parent holding company LyondellBasell Industries NV....


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics