TSLC I, Inc. Makes Final Distribution; Seeks Entry of Final Decree.TAMPA, Fla. -- On September 29, 2006, the Liquidating Trustee for the TSLC TSLC Taiyuan Satellite Launch Center (China) I, Inc. Creditors' Liquidation Trust made a second and final distribution to creditors in the amount of $14,445,765.77. The TSLC I, Inc. Creditors' Liquidation Trust is the liquidating trust created pursuant to the confirmed chapter 11 plan of liquidation of TSLC I, Inc., successor to Tropical Sportswear Int'l, Inc., and its affiliated debtors (collectively, the "Company"), to liquidate the Company's remaining assets. Because the Company's plan of liquidation has now been substantially consummated, on October 3, 2006, the Liquidating Trustee filed a motion with the Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Middle District of Florida requesting the entry of a final decree final decree n. another name for a final judgment. In states where there are interlocutory decrees of divorce (in the hope that a further wait may lead to reconciliation), followed several months later by the actual divorce, the second order is called a final decree, closing the Company's chapter 11 cases. The Company, located in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. , previously manufactured and marketed casual pants, shorts, denim jeans and shirts for men, women and boys. The Company filed voluntary petitions for relief under chapter 11 of Title 11 of the United States Code Title 11 of the United States Code outlines the role of Bankruptcy in the United States Code.
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This Press Release contains certain forward-looking statements regarding future circumstances. These forwardlooking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements, including in particular the risks and uncertainties described in the company's SEC filings. The Company undertakes no obligation to publicly release any revisions to these forwardlooking statements to reflect events or circumstances after the date hereof. |
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