On Sunday, April 19, Frederick’s of Hollywood Group Inc., a retailer known for its selection of racy women’s lingerie, filed for Chapter 11 bankruptcy protection after closing its remaining stores and settling a deal to sell itself as an online-only venture. According to Bloomberg, the Los Angeles-based company notified customers it had closed all its store locations via its website. In bankruptcy papers filed at the U.S. bankruptcy court in Wilmington, DE, Frederick’s listed $36.5 million in assets and $106 million … Continue reading “Frederick’s of Hollywood Seeks Chapter 11 Bankruptcy Protection”
Supreme Court Hears Two Arguments Reflecting Personal Bankruptcy Law
Posted on April 10, 2015July 19, 2024Categories Taxes & Law Leave a comment on Supreme Court Hears Two Arguments Reflecting Personal Bankruptcy LawThe U.S. Supreme Court is currently hearing two ongoing cases that could have far-reaching impacts on personal bankruptcy law. According to an April 1 Jurist article, the justices recently heard oral arguments regarding Harris v. Viegelahn, a case in which the courts must decide how funds are to be distributed when a debtor converts his or her bankruptcy case from a Chapter 13 plan to a Chapter 7 bankruptcy. Bankruptcy petitioner Charles Harris originally filed a Chapter 13 bankruptcy repayment plan, making payments … Continue reading “Supreme Court Hears Two Arguments Reflecting Personal Bankruptcy Law”