Goody's Files Reorganization Plan, Statement

Law360, New York (July 25, 2008, 12:00 AM EDT) -- About two months after it filed for Chapter 11 protection, bankrupt retailer Goody's Family Clothing Inc. has filed a reorganization plan and disclosure statement that it says would allow the company to continue operating and settle disputes with its lenders.

The plan and disclosure statement, filed Thursday in the U.S. Bankruptcy Court for the District of Delaware, is slated for a court hearing on Aug. 25, after any objections are filed. The company said in a statement that the plan has the support of the official...
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