The Wet Seal, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Pay Claims Of Taxing Authorities

On January 20, 2015, an order regarding the motion for authority to pay claims of taxing authorities was filed in the bankruptcy case of The Wet Seal, Inc. and its affiliates.

The filing was assigned docket number 98 and is described on the court’s official docket as follows:

Order (I) Authorizing the Payment of Prepetition Sales, Use and Franchise Taxes and Similar Taxes and Fees and (II) Authorizing Banks and Other Financial Institutions to Receive, Process, Honor, and Pay Checks Issued and Electronic Payment Requests Made Relating to the Foregoing. (related document(s)[7]) Order Signed on 1/20/2015. (NAB)

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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