New Chapter 22 Filing - Wet Seal LLC

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Wet Seal LLC

  • 2/2/17 Recap: Chapter 22 of Versa Capital owned retailer filed to liquidate via joint venture with Hilco Merchant Services and Gordon Brothers. 
  • Jurisdiction: D. of Delaware
  • Capital Structure: $10-50mm debt 
  • Company Professionals:
  • Legal: Young Conaway (Robert Brady, Michael Nestor, Jaime Chapman, Andrew Magaziner) & (special counsel - avoidance actions) ASK LLP (Joseph Steinfeld)
  • Financial Advisor: Berkeley Research Group LLC (Stephen Coulombe)
  • Claims Agent: Donlin Recano (*click on company name for docket)
  • Liquidators: Hilco Merchant Resources (David Peress) and Gordon Brothers Retail Partners LLC
  • Intellectual Property Disposition Consultant: Hilco IP Services LLC
    • Legal: Riemer & Braunstein LLP (Steven Fox)
  • Other Parties in Interest:
    • Official Committee of Unsecured Creditors
      • Legal: Cooley LLP (Jay Indyke, Cathy Hershcopf, Seth Van Aalten, Max Schlan, Lauren Reichardt) & (local) Saul Ewing LLP (Mark Minuti)
      • Financial Advisor: Province Inc. (Stilian Morrison)

 Updated 4/14/17