Privately-held Deb Stores Holding (aka Deb Shops) and eight affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 14-12676. The Company, which retails women’s clothing and accessories, is represented by Laura Davis Jones. The Company’s predecessor made a previous Chapter 11 filing in June 2011. That case was converted to a Chapter 7 liquidation on March 30, 2012 after Ableco Finance purchased substantially all of DS Holdings’ (Deb Shops) assets. According to documents filed with the Court with this proceeding, “Deb’s recent performance has been strained due to a combination of factors, including historic lack of capital invested in business resulting in old tired stores with unfavorable mall traffic trends and general weakness in the competitive Juniors Space.” Deb Stores Holding current Chapter 11 declaration indicates assets of $90,500,000.
About Ben Schlafman
Ben Schlafman is a University of Rhode Island graduate in Political Science and Marketing who got his start selling and promoting bankruptcy and distressed data products for New Generation Research, Inc. With over 8 years of hands on experience in the bankruptcy and distressed sectors, Ben writes, manages and supports an array of restructuring products under the New Generation Research umbrella.