NEW YORK — The Warnaco Group said Tuesday that its unsecured creditors won’t end up empty-handed when the company exits bankruptcy proceedings.
According to disclosures in a bankruptcy court hearing Tuesday, the firm’s reorganization plan includes an unspecified distribution to its unsecured creditors. WWD also learned from a source close to Warnaco that the company on Sept. 3 filed its Wells Submission to the Securities and Exchange Commission in connection with the SEC’s ongoing probe of the company.
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