WPS Looks To Recover Cash

Felgner, Brent
May 2005
Home Textiles Today;5/16/2005, Vol. 26 Issue 35, p2
Trade Publication
Reports that WestPoint Stevens has filed several lawsuits against unsecured creditors to recover payments it made to them before it filed for bankruptcy. Expectation about the auction of WestPoint's assets which will be held in New York; Provision of the Chapter 11 law that enables debtors-in-possession to recover preferential payments made during the effective pre-petition insolvency of a company.


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