NEW YORK — A judge is expected to approve Malden Mills Industries’ reorganization plan in the coming days and sources within the company said the firm will exit bankruptcy by late May.

Malden filed its plan late Friday in U.S. Bankruptcy Court in Worcester, Mass., that will allow the fleece maker to exit Chapter 11. Malden submitted three previous reorganization plans, although they were each amended and the firm’s Feb. 18 deadline to file was postponed until last Friday.

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