Salant Corp. (1998)

Company

  • Pre-filing annual sales: $719 (millions of current dollars)
  • Pre-filing assets: $423 (millions of current dollars)
  • Pre-filing number of employees: 3,800
  • Sub-industry: 23 Apparel And Other Finished Products Made From Fabrics And Similar Materi
  • Place of incorporation: DE
  • Court for city of headquarters: NY New York
  • In business at filing? yes

Bankruptcy case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Fried Frank
  • Date of filing: December 29, 1998
  • Judge at filing: Cornelius Blackshear
  • Court district of filing: NY SD
  • Court city of filing: New York
  • Case number: 98-10107
  • Cause of bankruptcy: Not tort
  • Forum shop? Filed at headquarters

  • Case transferred? no
  • Destination court of transfer: not applicable
  • Creditors committee appointed? no
  • ยง363 sale: no 363 sale
  • Dip loan final approval? yes
  • Plan type: prenegotiated

  • Disposition status: confirmed
  • Date of disposition: April 16, 1999
  • Judge at disposition: Cornelius Blackshear
  • Days from filing to disposition: 108

After the case

  • Did firm emerge? Company emerged
  • Did firm refile? emerged 5 years, did not refile


The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

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