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American Apparel Back In Ch. 11 With IP Sales Planned

By Vince Sullivan ( November 14, 2016, 2:35 PM EST) -- Clothing retailer and manufacturer American Apparel LLC initiated its second trip into Delaware bankruptcy court Monday morning, this time with $215 million in secured debt and a $66 million stalking horse bid in hand for its intellectual property, along with plans to auction off the rest of its assets as a going concern....

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