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Goody's Emerges from Bankruptcy

(Filed Under Fashion News). Goody's Family Clothing Inc. a moderately priced family apparel retailer operating in small to midsize markets primarily throughout the Southeast, announced that the company's Second Amended Plan of Reorganization (the "Plan") has been confirmed by the United States Bankruptcy Court for the District of Delaware.

The confirmed Plan, will allow the company to emerge from Chapter 11 bankruptcy protection in the next 10 days or more.

"Goody's has a solid 55-year heritage and our company has made great progress over the past few months," said Paul White, Goody's chief executive officer.

"We have created a stronger and more nimble organization that is more effectively positioned to serve our very loyal customers."

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Published 10-09-2008 by Deena Campbell

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