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"I am pleased to report that an overwhelming majority of our trade creditors have now approved our restructuring plan, which means all trade creditors who voted are now bound by the plan," said Wilhelm. "The plan significantly reduces our trade debt and will greatly improve our cash flow going forward. Importantly, we have been able to retain all of our core vendors and suppliers during the restructuring process. The restructuring will allow the company to go forward with normal operations and purchase additional inventory, thereby allowing us to better service our customers."
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- Companies:
- Custom HBC Corporation
- People:
- Larry Wilhelm
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