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Sasson Jeans Inc

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October 11, 1986 | JUBE SHIVER Jr., Times Staff Writer
New York-based Sasson Jeans Inc., the licensing firm that took a chic name and parlayed it into a fashion power, on Friday filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in U.S. District Court in Los Angeles. The company listed debts of more than $7.5 million and assets of about $11.5 million. The firm said its largest creditor, Men's Sportswear Inc. of North Bergen, N.J., is owed $1.1 million.
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