Malden Mills Ch. 7 Conversion Gets Boost
In an emergency motion to convert filed March 28, Trustee Richard T. King argued that the textiles manufacturer became ripe for conversion to Chapter 7 after being sold to private-equity firm Chrysalis Capital Partners and renamed OM Industries Inc.
“More specifically, the [U.S. Trustee] believes that since substantially all of the debtors’...
To view the full article, register now.