Ashley Stewart Holdings, Inc. Bankruptcy New Filing Alert: Stipulation Regarding Motion For Setoff Or Recoupment Of Claims

On May 7, 2015, a stipulation regarding motion for setoff or recoupment of claims was filed in the bankruptcy case of Ashley Stewart Holdings, Inc. and its affiliates.

The filing was assigned docket number 679 and is described on the court’s official docket as follows:

STIPULATION AND CONSENT ORDER ALLOWING WELLS FARGO BANK, NATIONAL ASSOCIATION TO APPLY FUNDS IN A BLOCKED ACCOUNT UPON A DRAW ON THE LETTERS OF CREDIT IN FAVOR OF ZURICH AMERICAN INSURANCE COMPANY, (related document:[675] Certificate of Consent filed by Debtor Ashley Stewart Holdings, Inc.). Filed by Sheila Calello , Bradford J. Sandler, Steven J. Reisman. Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 5/7/2015. (bwj)

Ashley Stewart Holdings, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 10, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 14-14383. The bankruptcy case is currently assigned to United States Bankruptcy Judge Michael Kaplan. The law firm of Curtis, Mallet-Prevost, Colt & Mosle LLP is acting as lead bankruptcy counsel to Ashley Stewart Holdings, Inc. in the bankruptcy case.


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