By filing for bankruptcy, Anvil Knitting & Clothing Company, an American clothing manufacturer, obtained a temporary bankruptcy license from the court with a loan of 40 million US dollars.

In addition to the $40,000,000, the company can borrow $30,000,000 before the final hearing on June 23, 2006.

As for the lender Wachovia Bank, Anvil Company has already owed it $25.8 million.

In this bankruptcy application, new york company Anvil listed the value of enterprise assets as US$ 65,438+065,438+00,700,000, while its debt value was US$ 244.6 million.

Anvil company, with more than 4200 employees. Anvil mainly designs and manufactures sportswear for American clothing industry, and sells products under brands such as Anvil, Chroma Zone, Cotton Deluxe, Towel Plus and Teak.

So how did Anvil get to the end? Anvil's operation is trapped by increasingly fierce market competition and changes in import quotas, high fuel tariffs and lower and lower income.

After 27 years, Anvil has branches in South Carolina and North Carolina, but now it is going downhill.