dELiA*s, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 10, 2014, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of dELiA*s, Inc. and its affiliates.

The filing was assigned docket number 55 and is described on the court’s official docket as follows:

Interim Order signed on 12/10/2014 (A)(I) Approving the Debtors Assumption of Agency Agreement, (II) Authorizing the Debtors to Sell Certain Assets through Store Closing Sales, (III) Authorizing the Debtors to Abandon Unsold Property, (IV) Waiving Compliance with Contractual Store Closing Sale Restrictions and Exempting the Debtors from State and Local Wage Requirements and Laws Restricting Store Closing Sales, (V) Granting Related Relief, and (VI) Scheduling a Final Hearing (related document(s)[15]). Final hearing to be held on 12/23/2014 at 10:00 AM at Courtroom 118, White Plains Courthouse. (Correa, Mimi)

dELiA*s, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 7, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-23678. The bankruptcy case is currently assigned to United States Bankruptcy Judge Judge Not Yet Assigned. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to dELiA*s, Inc. in the bankruptcy case.


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