USA: Guilford To Emerge From Chapter 11 "In Days"
Fabric maker Guilford Mills Inc admitted Tuesday it failed to hit its October 1 target of emerging from Chapter 11 bankruptcy protection but said it expects to do so in the next few days. The North Carolina-based company filed for Chapter 11 in March and has since sold several businesses and exited selected markets as it looks to focus on certain apparel businesses and automotive and technical textiles.
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