Worldtex, Inc.

Company

• Pre-filing annual sales: $482 (millions of current dollars)
• Pre-filing assets: $529 (millions of current dollars)
• Pre-filing number of employees: 1,200
• Sub-industry: 22 Textile Mill Products
• Place of incorporation: DE
• Court for city of headquarters: NC Charlotte
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Hughes Hubbard
• Date of filing: March 12, 2001
• Judge at filing: Sue L. Robinson
• Court district of filing: DE
• Court city of filing: Wilmington
• Case number: 01-00785
• Cause of bankruptcy: Not tort
• Forum shop? Forum Shop


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


• Disposition status: confirmed
• Date of disposition: January 15, 2002
• Judge at disposition: Sue L. Robinson
• Days from filing to disposition: 309

After the case

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