The Walking Company Holdings, Inc. announced yesterday that the U.S. Bankruptcy Court in Delaware has approved its chapter 11 reorganization plan and that the company expects to emerge from its restructuring process by the end of this month, according to a press release. Certain company shareholders have committed to invest $10.2 million in new equity into the Company and Wells Fargo Bank will provide “exit” financing that, in addition to the Company’s ongoing cash from operations, will allow The Walking Company to move forward.
