Propex Restructuring Means BUSINESS AS USUAL for Employees and Clients Alike

On Friday 18 January 2008 Propex Inc. formally applied for Chapter 11. Chapter 11 is not liquidation bankruptcy but rather an option which allows the declaring company an opportunity to right-size their balance sheet. According to Wikipedia “Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.” Read Propex’s press release or visit them in their booth at IECA ’08 Conference in booth #607 February 19-21, 2008.