Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11 / Consumer Durables & Apparel / Retailing

Hartmarx Plan Effective

Hartmarx’s Third Amended Joint Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on May 15, 2013. According to documents filed with the Court, “The Plan provides for the liquidation of the Debtors and their estates and the distribution of the proceeds thereof in resolution of the outstanding claims against and interests in the Debtors. As contemplated by the Bankruptcy Code, Administrative Claims and Priority Tax Claims are not classified and will be paid in full under the Plan.” This apparel manufacturer and marketer filed for Chapter 11 protection in January 2009, listing $460 million in total assets.

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