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June 04, 1993|From Times Staff and Wire Reports

Cherokee Ends Quick Bankruptcy: The Sunland-based apparel maker emerged from a reorganization under Chapter 11 of the U.S. Bankruptcy laws after only a five-week stay. Cherokee filed mainly to get confirmation of a refinancing plan under which its debt and preferred-stock holders swapped a large portion of their holdings for control of Cherokee's common stock. The company has struggled under the weight of its debt load and the recession.

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