Luggage Maker T. Anthony Successfully Reorganizes in Bankruptcy

Luxury luggage manufacturer T. Anthony LLC will continue operating after winning court approval of its Chapter 11 reorganization plan.

The company, which filed under the name Park Avenue Leather Goods LLC, will pay administrative and priority claims when the plan is effective, and unsecured creditors will get about $168,000 over three years, according to the plan approved Wednesday by Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the Southern District of New York.

The unsecured creditors, holding claims totaling more than $1 million, would’ve recovered nothing if the case were liquidated in Chapter 7, Park Avenue said in ...