Ronald Page, PLC

Ascena Bankruptcy Sets Deadline for Proofs of Claim to Be Filed

LogoThe deadline for filing of proofs of claim against Ascena Retail Group, Inc., the owner of Ann Taylor and other clothing brands ("Ascena"), has been set for September 24, 2020 at 4:00 p.m. for each person or entity other than governmental units and January 19, 2021 at 4:00 p.m. for governmental units. Proofs of claim need to be filed for prepetition claims, including secured claims, unsecured priority claims, unsecured non-priority claims, and claims arising under section 503(b)(9) of the bankruptcy code against Ascena and its affiliated debtor entities.

Ascena, Owner of Ann Taylor and Lane Bryant, Files for Bankruptcy

LogoAscena Retail Group, Inc., the owner of Ann Taylor and other clothing brands ("Ascena"), has filed for bankruptcy seeking to restructure its debt under chapter 11 of the bankruptcy code as the retailer suffers amid flagging sales due to the COVID-19 pandemic. Bankruptcy petitions were filed by Ascena and 63 affiliated debtors. The COVID-19 pandemic sales slump only exacerbated Ascena's woes related to its heavy debt burden. Ascena filed for bankruptcy on July 23, 2020 in the Eastern District of Virginia, Richmond Division.

LeClairRyan Trustee Brings Suits for Recovery and Avoidance Actions

LogoLeClairRyan PLLC's liquidating trustee ("LeClairRyan") has sued approximately 40 entities and individuals for the turnover of funds (complaints to recover amounts due to LeClairRyan) and preference actions (complaints that creditors received preferential payments) in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, case no. 19-34574-KRH.

Intelsat Files for Bankruptcy Protection

LogoIntelsat, S.A. ("Intelsat") is seeking to restructure its debt under chapter 11 of the bankruptcy code as the world's second largest satellite operator seeks to ease its approximately $14.7 billion in debt and participate in the FCC's spectrum clearing program. Intelsat filed for bankruptcy on May 13, 2020 in the Eastern District of Virginia, Richmond Division.

J. Crew Bankruptcy Proofs of Claim to Be Filed

LogoJ. Crew Group Inc. ("J. Crew") is seeking to restructure its debt under chapter 11 of the bankruptcy code as the retailer suffers amid flagging sales due to the corona pandemic. The pandemic sales slump only exacerbated J. Crew's woes related to its heavy debt burden.

J. Crew Files for Bankruptcy

LogoJ. Crew Group Inc. ("J. Crew") is seeking to restructure its debt under chapter 11 of the bankruptcy code as the retailer suffers amid flagging sales due to the corona pandemic. The pandemic sales slump only exacerbated J. Crew's woes related to its heavy debt burden. J. Crew filed for bankruptcy on May 4, 2020 in the Eastern District of Virginia, Richmond Division.

Pier 1 Imports Has First Day in Bankruptcy Court

LogoPier 1 Imports, Inc. ("Pier 1") is seeking to sell itself as a going concern under chapter 11 of the bankruptcy code as the retailer suffers from increasing pressures from online competitors and failed sales strategies implemented chain wide.

Bankruptcy Court Orders LeClairRyan to Liquidate Under Chapter 7, Trustee to Be Appointed

LogoOn September 26, 2019, it was decided that the bankruptcy case of former law firm LeClairRyan PLLC ("LeClairRyan") would be converted to liquidate under chapter 7 effective October 4, 2019 at 12 p.m. and that a chapter 7 trustee would be appointed. LeClairRyan, ABL Alliance LLLP (LeClairRyan's secured lender), and the Office of the U.S. Trustee (the "UST") all agreed that the case should be converted to chapter 7. However, they disagreed as to if the conversion should be immediate or delayed until October 4th.

US Trustee Seeks to Convert Bankruptcy of LeClairRyan to Chapter 7

LogoOn September 12, 2019, the Office of the U.S. Trustee (the "UST") filed its motion to convert the chapter 11 bankruptcy of LeClairRyan PLLC ("LeClairRyan") to chapter 7. This motion is set for hearing on September 26, 2019 at 2 p.m. in the courtroom of Judge Kevin Huennekens. The UST argues that LeClairRyan continuing as a liquidating chapter 11 bankruptcy is going to increase the burden of fees that will ultimately reduce the recovery to unsecured creditors.

Law Firm of LeClairRyan to Liquidate in Bankruptcy

LogoLeClairRyan PLLC ("LeClairRyan") is seeking to liquidate under chapter 11 of the bankruptcy code as the struggling law firm ceased operations in August 2019. LeClairRyan has struggled following an exodus of partners in recent years. Ronald Page appeared at the hearings on LeClairRyan's first day motions noted below.