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Yes it is. When Foamex filed BK

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aquaspin Member Level  Wednesday, 05/06/09 04:18:15 PM
Re: lefty18 post# 63
Post # of 102 
Yes it is. When Foamex filed BK in September of 2005 they were able to emerge quickly and pay their creditors 1 to 1 because they saw a sharp increase in business when hurricane Katrina hit the Gulf. Foamex makes the foam that goes in furniture, cars, mobile home walls, among many other things. A lot of that kind of stuff was damaged during the hurricane and needed to be replaced.

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