True Religion Wins OK On Rare Retail Ch. 11 Reorganization

By Matt Chiappardi (October 5, 2017, 5:16 PM EDT) -- True Religion Apparel Inc. gained Delaware bankruptcy court approval Thursday for its Chapter 11 plan that aims to slash the company's nearly $500 million debt by more than 70 percent through a debt-for-equity swap, and make it one of the few recent retailers to reorganize rather than liquidate....

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