NEW YORK — Malden Mills Industries Inc. and Guilford Mills Inc., two of the four major U.S. textile mills currently operating under Chapter 11 protection, took steps this month that brought them closer to returning to solvency.

As reported, on Aug. 19 Malden Mills Inc. filed its plan of reorganization at the U.S. Bankruptcy Court in Worcester, Mass., proposing to pay back all its creditors in full — an unusual move for a bankrupt company and one that will allow the family of president and chief executive officer Aaron Feuerstein to retain sole ownership of the Lawrence, Mass.-based fleece maker.

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