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.
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