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

On April 13, 2015, an order regarding the motion for authority to pay claims of employees was filed in the bankruptcy case of The Wet Seal, Inc. and its affiliates.

The filing was assigned docket number 584 and is described on the court’s official docket as follows:

Order (Second) Amended (I) Authorizing Payment Of Certain Prepetition Employee Claims, Including Wages, Salaries And Bonuses, (II) Authorizing Payment Of Certain Employee Benefits And Confirming Right To Continue Employee Benefits On Postpetition Basis, (III) Authorizing Payment Of Reimbursement To Employees For Prepetition Expenses, (IV) Authorizing Payment Of Withholding and Payroll-Related Taxes, (V) Authorizing Payment Of Prepetition Claims Owing To Administrators or Third Party Providers, And (VI) Directing Banks To Honor Prepetition Checks And Fund Transfers For Authorized Payments (related document(s)[571]) Signed on 4/10/2015. (JAF)

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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