Spandex Maker Gets OK For Ch. 11 Plan Cutting $1.2B In Debt

By Ben Zigterman · May 7, 2026, 6:20 PM EDT

Textile developer Lycra received confirmed Thursday from a Texas bankruptcy judge for its restructuring plan, which calls for erasing $1.2 billion of debt from its balance sheet, capping a quick trip...

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Case Information

Case Title

The Lycra Company LLC

Case Number

4:26-bk-90399

Court

Texas Southern

Nature of Suit

Date Filed

March 17, 2026