Establishing a liquidating trust

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On August 16, 2016, the Court entered an order (the “Confirmation Order”) confirming the (the “Plan”).The Debtors filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code on January 15, 2015. The Plan became effective on December 31, 2015 (Docket No. The statutory deadline to file avoidance actions is on January 15, 2017, meaning additional actions could be filed.On October 30, 2015, the Bankruptcy Court entered an order (Docket No. Pachulski Stang Ziehl & Jones LLP, formerly counsel to the Creditors Committee, serves as counsel to the Liquidation Trustee.Westpoint Stevens was formed by the merger of West Point-Pepperell Inc.

and its corporate parent, the Valley Fashions Corporation, last week. Green's acquisition of New Street makes him the largest single shareholder of Westpoint Stevens, because New Street's biggest investment was 22 percent of Westpoint Stevens common stock.

The Effective Date (as defined in the Plan) was August 31, 2016.

Establishing a liquidating trust comments

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