Propex Seeks Extra Five Months To File Ch. 11 Plan
The textile company and its affiliates, whose exclusive right to file a reorganization plan expires May 19, asked for an extra five months to draft an exit strategy.
Propex filed for bankruptcy in January with $585 million in assets and $527 million in liabilities.
The company operates in the U.S., Europe and Brazil and has about 3,200 employees on...
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