Adinath Corp. & Simply Fashion Stores, Ltd. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On May 4, 2015, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Adinath Corp. & Simply Fashion Stores, Ltd. and its affiliates.

The filing was assigned docket number 162 and is described on the court’s official docket as follows:

Objection to (24 Emergency Motion to Use Cash Collateral Debtors’ Emergency Motion (I) For Authorization to (A) Obtain Postpetition Secured Financing Pursuant to 11 U.S.C. §§ 105, 361, 362 and 364 and (B) to Use Cash Collateral on an Interim Basis Pur filed by Debtor Adinath Corp.) Filed by Creditor Committee Creditor Committee (Attachments: # 1 Exhibit A) (Solomon, Steven) (Entered: 05/04/2015)

Adinath Corp. & Simply Fashion Stores, Ltd. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 16, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Florida . The case number for the lead bankruptcy case is 15-16885. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurel Isicoff. The law firm of Berger Singerman P.A. is acting as lead bankruptcy counsel to Adinath Corp. & Simply Fashion Stores, Ltd. in the bankruptcy case.


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