The Wet Seal, Inc. Bankruptcy New Filing Alert: Motion For Miscellaneous “First Day” Relief

On January 16, 2015, a motion for miscellaneous “first day” relief was filed in the bankruptcy case of The Wet Seal, Inc. and its affiliates.

The filing was assigned docket number 11 and is described on the court’s official docket as follows:

Motion Regarding Chapter 11 First Day Motions РDebtors Motion for Entry of an Order (I) Authorizing Continuation of, and Payment of Prepetition Obligations Incurred in the Ordinary Course of Business in Connection With, Various Insurance Policies; and (II) Authorizing Banks to Honor and Process Checks and Electronic Transfer Requests Related Thereto 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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