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Article: Action Sportswear sets creditors meeting date. (tee-shirt designer, printer)
- Article from:
- Daily News Record
- Article date:
- June 13, 1990
CopyrightCOPYRIGHT 1990 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ACTION SPORTSWEAR SETS CREDITORS MEETING DATE
NEW YORK (FNS) - Action Sportswear, Inc., a designer and silk-screen printer of T-shirts and sweatshirts that is reorganizing under Chapter 11, will hold its next meeting with creditors July 10 at 12:30 p.m. in bankruptcy court in Brooklyn.
The company, located at 94 9th Street in Brooklyn, filed its Chapter 11 petition in April, listing liabilities of $2,439,843, including $508,235 in accounts payable, as of last March 31. Assets totaled $1,930,358, including $966,637 in accounts receivable.
Louis J. Tullo, president said in an affidavit that the company has experienced a drop in sales volume, ...