Millennium Leather Restructures Under Chapter 11
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Teaneck, New Jersey-based Millennium Leather LLC announced it will continue as an industry supplier after restructuring its debt under a chapter eleven bankruptcy filing.
Philip Kahan, company CEO, stated, "We took this action to ensure long-term viability in the face of a difficult banking environment. Our decision was predicated upon protecting all debtors and the business itself. We anticipate and hope for a quick resolution of this status. In the meantime, it's business as usual for Millennium Leather LLC. Our vendor and customer bases are intact and operating normally."
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