Dan River Looks to Clear Final Bankruptcy Hurdles

January 2005
Home Textiles Today;1/17/2005, Vol. 26 Issue 19, p4
Trade Publication
The article focuses on the company Dan River Inc. which is due in U.S. Bankruptcy Court on January 18, 2005 when approval is expected for a plan of reorganization that has already been approved by creditors. Once the company gets the green light from the judge and clears the remaining few formalities, it should exit bankruptcy about three weeks later, during the early days of February 2005. The company might have emerged somewhat earlier but for minor glitches that held the previously announced sale of its engineered fabrics division.


Related Articles

  • "Totality of the Circumstances" Test Should be Applied in Determining Whether Fee Arrangements Have Been Pre-Approved. Friedman, Julie T. // Venulex Legal Summaries;2005 Q1, p1 

    This article focuses on the decision of the U.S. Court of Appeals for the Sixth Circuit in the case Nischwitz versus Miskovic (In re Airspect Air, Inc.), in which the court determined whether the bankruptcy court has abused its discretion in refusing to award attorneys fees to debtor's counsel...

  • Keeping Current. Combest, Christopher // Business Law Today;May2013, Vol. 22 Issue 5, p1 

    The article presents information on homeowner bankruptcy cases with reference to the U.S. Supreme Court, in Dewsnup v. Timm case ruling. The ruling has barred Chapter 7 debtors from stripping down partially-secured claim of creditors to the value of the collateral securing it. An unanimous panel...

  • Patriot Coal: Interest of Justice Trumps Convenience of the Parties. FOX, GREGORY W. // ABI Journal;Feb2013, Vol. 32 Issue 1, p20 

    The article discusses a court case wherein the bankruptcy court for the Southern District of New York (SDNY) ruled that the debtors in a chapter 11 stepped over the line in their efforts to use the affiliate rule to establish venue for bankruptcy cases. The case was considered as an example of...

  • Can a Debtor's Exemption Assets Be Surcharged as a Sanction for Misconduct? Tracht, Marshall // Preview of United States Supreme Court Cases;1/13/2014, Vol. 41 Issue 4, p196 

    The article discusses a court case which argues the authority of a bankruptcy court to prevent abuse of the judicial process and to sanction a debtor who engages in egregious misconduct. The need for the Court to decide whether a debtor may be sanctioned by the loss of exempt assets, while all...

  • DE Bankruptcy Court Denies Motion to Convert. Ramos, Marcos; Najemy, Alexander G. // Bankruptcy & Insolvency Litigation;Fall2014, Vol. 20 Issue 1, p18 

    The article discusses a U.S. court case update wherein the Delaware Bankruptcy Court withheld a request to convert a debtor's chapter 11 cases to chapter 7 cases. It cites the chapter 11 filing of Debtors Simplexity LLC on March 16, 2014, and the motion of agent First Third Bank for conversion...

  • Preference Lawsuits in Bankruptcies. Hawkins, Chris // Facts & Findings;Jul/Aug2012, Vol. 39 Issue 1, p8 

    The article discusses the preferential payments of creditors to companies in the U.S. It mentions the intricacies involved in the transfer of property or property of interests and preference lawsuits that limit the exposures of several legal professionals on bankruptcy courts. It further imparts...

  • Dan River Bankruptcy: Global Aftermath. Marks, Jennifer // Home Textiles Today;5/5/2008, Vol. 29 Issue 12, p4 

    The article reports that a group of textile companies in Pakistan are exploring whether to file lawsuits against Dan River and Indian parent company GHCL, possibly in the U.S. and India. According to the Towel Manufacturer's Association, Dan River still owed money from about 24 Pakistani...

  • Bankruptcy court found that priority among secured creditors holding notes secured by mortgages is governed by the Uniform Commercial Code. BANICH, TERENCE G. // Banking Law Journal;Nov/Dec2013, Vol. 130 Issue 10, p954 

    The article discusses the U.S. Bankruptcy Court for the Eastern District of Washington's ruling in the 2013 case In re HW Partners LLC which deals with farmland acquisitions, the Uniform Commercial Code (UCC), and the legal aspects of priority among secured creditors. Other topics include notes...

  • Bankruptcy Proceeding Imposes Restrictions on Right to Modify or Terminate Pension Plan.  // Benefits & Compensation Digest;Nov2010, Vol. 47 Issue 11, p52 

    The article discusses a court case which involved the right of a debtor to modify or terminate a pension plan during bankruptcy proceeding. In the case In re Visteon Corporation et al., the U.S. Court of Appeals for the Third Circuit held that during a bankruptcy proceeding, the Bankruptcy Code...


Read the Article


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

Try another library?
Sign out of this library

Other Topics