Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
On July 29, 2015, Deb Shops SDFMC LLC, in its capacity as debtor in possession, filed 92 preference complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, and to disallow claims of the defendants pursuant to Section 502(d).
By way of background, Deb Shops SDFMC…
DEB Stores Holding LLC and certain of its affiliated companies (“DEB” or the “Debtors”) filed for bankruptcy under Chapter 11 of the Bankruptcy Code on December 4, 2014 in the United States District Court for the District of Delaware.
According to the Declaration of Dawn Robertson, Chief Executive Officer of the Debtors, in Support of…
Introduction
On June 26, 2011, clothing retailer Deb Shops, Inc. (“Deb”) and its related entities filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. This post will look at why Deb filed for bankruptcy, the scope of the company’s business, as well as provide an update on the…
