March 25, 2025
A Delaware bankruptcy judge has granted a motion from the former owner of the Salt Life clothing and lifestyle business, Delta Apparel Inc., to transition its bankruptcy case from a Chapter 11 to a Chapter 7 liquidation, following the company's failure to secure enough funding to continue its reorganization proceedings.
March 07, 2025
The U.S. Trustee's Office opposed Yellow Corp.'s Chapter 11 plan, saying its exculpation provisions cover ineligible people and entities. Bernie Madoff's liquidation trustee has begun doling out another $76 million to claimants. And clothing retailer Delta Apparel made a bid to pivot to a wind-down in its bankruptcy that was opposed by tax claimants in Texas.
September 05, 2024
Clothing company Delta Apparel Thursday told a Delaware bankruptcy judge it had raised more than $54.4 million in an asset auction last week and settled a dispute over its Chapter 11 financing, and got the judge's go-ahead to hire a liquidator for its remaining inventory.
August 22, 2024
A Delaware bankruptcy judge on Thursday tabled a decision on final approval of Delta Apparel's bankruptcy financing to give the clothing maker and its creditors more time to sort out disagreements over how the debtor-in-possession loan would affect recoveries in the Chapter 11 case.
August 21, 2024
Delta Apparel's official committee of unsecured creditors asked a Delaware bankruptcy court to deny the clothing manufacturer final approval for its debtor-in-possession loan, saying it is a lopsided deal that let secured lenders run away with the entire value of the debtor's assets.