	salant qslt files reorganization plan salant corp said it and its thomson co inc and obion co inc subsidiaries have filed a joint reorganization plan with the u s bankruptcy court and expect to emerge from chapter bankruptcy in the near future the company said a hearing on the adequacy of the associated disclosure plan is scheduled for april nine and completion of the plan is subject to approval by creditors equity security holders and the bankruptcy court salant said it has reached agreement for ray w williams to continue as president and chief executive officer for five years from the effective date of the reorganization plan and has substantially concluded talks for a new mln dlr unsecured credit effective the same date the company said the committee of its unsecured creditgors and the committee of its equity security holders have approved the terms of the plan as previously announced creditors will receive mln dlrs in cash dlrs of pct senior subordinated debentures and four common shares for each dlrsd of allowed unsecured claims salant today reported ings for the year ended november of dlrs after a dlr pretax provision for loss on the sale of a subsidiary but before a dlr post tax charge attributable to costs and expenses of chapter and the settlement of pre chapter claims as well as a dlr tax credit a year before it lost dlrs after a dlr pretax provision for plant closings reuter 
