Delta Mills liquidation plan approved by most voting creditors

By Caroline Salls

Pittsburgh, Sept. 4 - Delta Mills, Inc.'s plan of liquidation was approved by 108 of 112 voting creditors, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, all 59 holders of $127.98 million in convenience claims voted to accept the plan.

Also, 49 holders, or 92.45% in number, of $27.46 million, or 99.67% in amount, of general unsecured/senior notes claims voted to accept the plan, while four holders, or 7.55% in number, of $89,809, or 0.33% in amount, of those claims voted to reject it.

Delta Mills is the operating subsidiary of Delta Woodside, Inc., a Greenville, S.C.-based company that manufactures and sells textile products for the apparel industry. Delta Mills filed for bankruptcy on Oct. 13, 2006. The Chapter 11 case number is 06-11144.

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