Karmaloop, Inc. Bankruptcy New Filing Alert: Application For Authority To Retain Professionals

On April 9, 2015, an application for authority to retain professionals was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 115 and is described on the court’s official docket as follows:

Application/Motion to Employ/Retain Emerald Capital Advisors as Financial Advisors to the Official Committee of Unsecured Creditors Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS. Hearing scheduled for 4/30/2015 at 11:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware. Objections due by 4/23/2015. (Attachments: # (1) Notice NOT # (2) Exhibit A # (3) Exhibit B – Engagment letter # (4) Exhibit C – Proposed Order) (Luton Chapman, Jaime)

Karmaloop, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 23, 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 15-10635. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Burns & Levinson LLP is acting as lead bankruptcy counsel to Karmaloop, Inc. in the bankruptcy case.


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