Update: Bankruptcy Court grants Latex Foam International motions
June 6, 2014,
SHELTON, Conn. – The U.S Bankruptcy Court, District of Connecticut, granted all four first-day motions proposed by Latex Foam International Holdings, Inc. on Wednesday, June 4. All subsidiary businesses, including Latex International and Pure LatexBliss, were part of the recent bankruptcy filing.
The key motions granted included joint administration, use of cash collateral, which permits the business to operate in the ordinary course of business, and to pay pre-petition payroll. The other key motion granted by the court involved authorization to maintain existing bank accounts, officials said.
Related Content By Author
1200 Suppliers are Ready for You at Intertextile Shanghai
Home & Textiles Today eDaily
Most Viewed Articles
See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.