Bankruptcy Judge Stacey Meisel ruled that New Jersey shipping firm that once relied heavily on business from fast-fashion retailer Forever 21 Inc. can emerge from bankruptcy protection after downsizing operations, the Wall Street Journal reported today. Company executives for EZ Worldwide Express on Friday received permission from Judge Meisel to put a debt-repayment plan for the Elizabeth, N.J., business into action, court papers show. EZ Worldwide Express filed for chapter 11 protection on Jan. 13, saying that its shipping contract with Forever 21 was unprofitable. EZ Worldwide once delivered garments to 171 Forever 21 stores but now ships to a smaller footprint of 34 stores.
