bankruptcy Archives - FinanciaRUL

Frederick’s of Hollywood Seeks Chapter 11 Bankruptcy Protection

Financiarul April 21, 2015July 19, 2024Businessbankruptcy, Chapter 11 bankruptcy, Frederick's, Hollywood

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

Financiarul April 10, 2015July 19, 2024Businessbankruptcy, bankruptcy law, Chapter 13 bankrupty, Chapter 7 filing

The 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”