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True Temper files for Chapter 11
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08-11-2009, 12:01 AM
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Ecurrexchangess
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Oct 2005
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This should be a non-event for consumers... a pre-packaged bankruptcy by definition has the support of an "impaired" member of each bankruptcy class (read: someone who is not getting what they originally signed up for). That means it should go in and out of bankruptcy without any major issues.
At the end of the process, the company will have less debt and new owners. That should be a good thing for all of us as golfers.
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