September 22, 2018 / 2:04 AM / in 6 months

Claire's wins court OK for Ch. 11 plan as same-store sales improve

The judge overseeing the bankruptcy of jewelry and accessories chain Claire’s on Friday approved the mall retailer’s plan to emerge from bankruptcy next month with about $1.9 billion in debt taken off its books.

“Congratulations and I hope I don’t see much more of you,” Judge Mary Walrath of the U.S. Bankruptcy Court in Delaware told lawyers for Claire’s and its stakeholders at a hearing after giving her blessing to the reorganization plan.

To read the full story on Westlaw Practitioner Insights, click here:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below