TITLE

Sklar seeks creditors' help to rebound

AUTHOR(S)
Knell, Michael J.
PUB. DATE
December 2006
SOURCE
Furniture/Today;12/4/2006, Vol. 31 Issue 13, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plans of Sklar Peppler Furniture to seek the cooperation of its creditors in reinforcing its business. It is stated that the company would seek the assistance of its creditors under the Bankruptcy & Insolvency Act, wherein the planned arrangement with the creditors needs to be approved by 50% of the creditors. These 50% of creditors should total upto a minimum of two-thirds of the total debt. The article also presents the company's plans for growth.
ACCESSION #
23323999

 

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