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Bailey Banks & Biddle Files for Chapter 11
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The parent company of Bailey Banks & Biddle, whichclaims to be the US’s oldest nationwide jeweler, has filed for Chapter 11bankruptcy in Texas, according to a court document. Houston-based BBB Group estimated both assets andliabilities of up to $50,000...
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Retail
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Nov 11, 2019
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Rapaport News
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Rosy Blue Objects to Sears Sell-Off Plan
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Rosy Blue and Vijay Gold Designs have challenged SearsHoldings Corp.’s store-liquidation plans, claiming that some of the assets itwants to sell off are consignment goods.Sears filed for Chapter 11 bankruptcy protection earlierthis month,...
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Financial-Legal
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Oct 24, 2018
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Rapaport News
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Samuels Jewelers Files for Bankruptcy
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Alleged Indian fraudster Mehul Choksi’s US jewelry chain hasfiled for Chapter 11 protection, according to court papers. Samuels Jewelers has brought in liquidators to begin sellingits assets so it can pay off debt, theTuesday filing at the District...
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Retail
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Aug 08, 2018
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Rapaport News
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India Seeks Interpol’s Help in Hunt for Modi
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Indian authorities have called on Interpol to help trackdown Nirav Modi, according to Reuters, following reports the fugitive jeweleris in the UK. The nation’s federal law-enforcement agency has asked the internationalpolice organization to issue a “red...
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Financial-Legal
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Jun 13, 2018
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Rapaport News
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US Court Stalls $8M Sale of A. Jaffe
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The sale of A. Jaffe’s assets to Parag Diamonds is off forthe time being.The “sale motion” — a proposal to auction off A. Jaffe — has been withdrawn, according to a court notice the company’s lawyers filed last week. Parag, also...
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Financial-Legal
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May 24, 2018
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Rapaport News
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Firestar Chief Speaks Out on Nirav Modi Crisis
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Firestar Diamond and its affiliates reported significant interest from companies looking to buy their operations, after filing for bankruptcy in the wake of fraud allegations against their ultimate owner, Nirav Modi.The three jewelers...
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Financial-Legal
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Mar 04, 2018
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Rapaport News
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Modi Latest: Three Jewelers File for Chapter 11
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Three companies in Nirav Modi’s jewelry empire — A. Jaffe, FirestarDiamond, and Fantasy — have filed for bankruptcy in the US, with two of themhoping to find buyers soon.Indian investigators are probing allegations that Modidefrauded Punjab National...
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Financial-Legal
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Feb 28, 2018
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Rapaport News
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Court Dismisses Exelco’s Chapter 11 Case
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A federal judge dismissed Exelco’s Chapter 11 filing inDelaware Bankruptcy Court, documents showed.Exelco, an Antwerp-based diamond manufacturer and former DeBeers sightholder, filed for Chapter 11 bankruptcy protection in September. Thecompany, which Jean-Paul Tolkowsky co-founded with...
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Financial-Legal
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Dec 25, 2017
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Rapaport News
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Charming Charlie Chooses Chapter 11
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Houston-based retailer Charming Charlie has voluntarily filed forChapter 11 in a US bankruptcy court to enable it to restructure and reduce itsdebts, it said this week.The company, which focuses on fashion jewelry, handbags,apparel, gifts and beauty products, has suffered...
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Retail
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Dec 14, 2017
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Rapaport News
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KBC Questions Exelco’s US Bankruptcy Move
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KBC Bank has sought to prevent Exelco NV from continuingChapter 11 bankruptcy proceedings in the US, claiming that the case belongs inBelgium, according to court documents. Exelco NV, an Antwerp-based diamond manufacturer that owes money to KBC,...
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Financial-Legal
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Nov 01, 2017
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Rapaport News
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Exelco Seeks Chapter 11 Protection in US
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Antwerp-based diamond company Exelco NV has sought Chapter11 bankruptcy protection in the US, listing estimated liabilities of $50 millionto $100 million, according to court filings.The polished manufacturer estimated its assets at $10million to $50 million and...
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Financial-Legal
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Oct 02, 2017
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Rapaport News
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Financial-Legal
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Jun 09, 2014
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Jeff Miller
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