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Walking Company Holdings Confirms Chapter 11 Plan

June 18, 2018

On June 12, 2018, the United States Bankruptcy Court in Delaware confirmed the chapter 11 plan of reorganization for The Walking Company and its affiliated debtors. The Southern California-based comfort shoe retailer confirmed its plan a mere three months after filing for bankruptcy protection in March 2018. The approved plan includes the extinguishment of existing equity and a capital injection of $10.2 million from certain equity holders, and anticipated significant distributions to general unsecured creditors.