Barney's files for Chap. 11. (bankruptcy)
Posted: Aug 27, 2008 13:30:10
Apparel retailer Barney's Inc filed for Chap. 11 bankruptcy protection on Jan 10, 1996. According to Isetan of America, the landlord for Barney's three flagship stores, the retailer had not paid about $4 million in rent due for January. Barney's, in its court petitions, claimed to have liabilities of $361.4 million and assets of $385.1 million. The documents named Chemical Bank as the firm's largest unsecured creditor.
NEW YORK (FNS) -- Barney's Inc., faced with the possibility that the landlord of its three flagship stores would begin foreclosure proceedings Thursday morning, filed for Chapter 11 protection late Wednesday night.
According to the landlord, Isetan of America, Barneys ...
Source: Daily News Record. Article Date: January 12, 1996. By: Rutberg, Sidney; Siegel, Jeff; Wilner, Rich. COPYRIGHT 1996 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
