KayPro Corp managed to persuade US Bankruptcy Judge James Meyers that it has done enough under its new management to make a Chapter 7 liquidation filing unwarranted, and he dismissed a motion to liquidate the company: Kaypro reported gross sales of $821,000 and a net operating profit of $63,000 for August, the first profitable month in nearly seven years, and the sales figures more than doubled July sales of $406,000, while June sales totalled $84,000; Kaypro is preparing its formal plan of reorganisation, which it plans to present to the bankruptcy court on January 31.
