The Wet Seal, Inc. Bankruptcy New Filing Alert: Motion For Appoval Of Claims Trading Procedures

On January 16, 2015, a motion for appoval of claims trading procedures was filed in the bankruptcy case of The Wet Seal, Inc. and its affiliates.

The filing was assigned docket number 13 and is described on the court’s official docket as follows:

Motion Regarding Chapter 11 First Day MotionsĀ – Debtors Emergency Ex Parte Motion, Pursuant to Bankruptcy Code Sections 105(a), 362 and 541, for Entry of Interim and Final Orders Establishing Notification Procedures and Approving Restrictions on Certain Transfers of Equity Interests in and Claims Against the Debtors Nunc Pro Tunc to the Petition DateĀ Filed By The Wet Seal, Inc., a Delaware Corporation (Kandestin, Maris) (Entered: 01/16/2015)

The Wet Seal, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-10081. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Klee, Tuchin, Bogdanoff & Stern LLP is acting as lead bankruptcy counsel to The Wet Seal, Inc. in the bankruptcy case.


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