Business Insider -
5 Oct 2015 16:30

American Apparel filed for Chapter 11 bankruptcy protection on Monday, several months after forcing its controversial former CEO, Dov Charney, out of the company for good. In its bankruptcy petition, American Apparel lists its largest "unsecured creditors" — meaning creditors that loaned the retailer money without getting specific collatoral. By far, the biggest unsecured creditor is Standard General LP, a hedge fund that's drawn to "lost causes," according to The New York Times' Deal Book. St...
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