Delta Mills Seeks Account Documents

Law360, New York (July 26, 2007, 12:00 AM EDT) -- Woven textile maker Delta Mills Inc. has asked a bankruptcy judge to require Euler Hermes to turn over key documents involving an agreement the credit insurance company made with GMAC Commercial Finance LLP, which handles the accounts receivable for Delta Mills.

In a motion filed Tuesday, Delta Mills said that GMAC purchased credit insurance from Euler Hermes regarding one of Delta Mills' largest remaining accounts receivable, from Interamericana Apparel Company and its affiliates.

GMAC informed Delta Mills that they have made a “preliminary determination that Delta...
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