Coleco|NNP Industries|NNPS Inc.|NN ,|, a|DT once|RB high|JJ -|- flying|VBG toy|NN maker|NN whose|WP$ stock|NN peaked|VBD at|IN $65|NN a|DT share|NN in|IN the|DT early|JJ 1980s|NN ,|, filed|VBN a|DT Chapter|NN 11|CD reorganization|NN plan|NN that|WDT provides|VBZ just|RB 1.125|CD cents|NNS a|DT share|NN for|IN common|JJ stockholders|NNS .|. 

Under|IN the|DT plan|NN ,|, unsecured|JJ creditors|NNS ,|, who|WP are|VBP owed|VBN about|IN $430|NN million|CD ,|, would|MD receive|VB about|IN $92|NN million|CD ,|, or|CC 21|CD cents|NNS for|IN each|DT dollar|NN they|PRP are|VBP owed|VBN .|. 
In|IN addition|NN ,|, they|PRP will|MD receive|VB stock|NN in|IN the|DT reorganized|VBN company|NN ,|, which|WDT will|MD be|VB named|VBN Ranger|NNP Industries|NNPS Inc.|NN 
After|IN these|DT payments|NNS ,|, about|IN $225,000|NN will|MD be|VB available|JJ for|IN the|DT 20|CD million|CD common|JJ shares|NNS outstanding|JJ .|. 

The|DT Avon|NNP ,|, Conn|NNP .|. ,|, company|NN 's|POS stock|NN hit|VBD a|DT high|NN in|IN 1983|CD after|IN it|PRP unveiled|VBD its|PRP$ Adam|NNP home|NN computer|NN ,|, but|CC the|DT product|NN was|VBD plagued|VBN with|IN glitches|NNS and|CC the|DT company|NN 's|POS fortunes|NNS plunged|VBD .|. 
But|CC Coleco|NNP bounced|VBD back|RB with|IN the|DT introduction|NN of|IN the|DT Cabbage|NNP Patch|NNP dolls|NNS ,|, whose|WP$ sales|NNS hit|VBD $600|NN million|CD in|IN 1985|CD .|. 
But|CC as|IN the|DT craze|NN died|VBD ,|, Coleco|NNP failed|VBD to|TO come|VB up|RP with|IN another|DT winner|NN and|CC filed|VBN for|IN bankruptcy|NN -|- law|NN protection|NN in|IN July|NNP 1988|CD .|. 

The|DT plan|NN was|VBD filed|VBN jointly|RB with|IN unsecured|JJ creditors|NNS in|IN federal|JJ bankruptcy|NN court|NN in|IN New|NNP York|NNP and|CC must|MD be|VB approved|VBN by|IN the|DT court|NN .|. 

