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Bailey Banks & Biddle store Houston Texas
Bailey Banks & Biddle Files for Chapter 11
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...
Retail Nov 11, 2019 Rapaport News
Rosy Blue Objects to Sears Sell-Off Plan
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,...
Financial-Legal Oct 24, 2018 Rapaport News
Samuels Jewelers
Samuels Jewelers Files for Bankruptcy
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...
Retail Aug 08, 2018 Rapaport News
Nirav Modi 150
India Seeks Interpol’s Help in Hunt for Modi
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...
Financial-Legal Jun 13, 2018 Rapaport News
A Jaffe 150
US Court Stalls $8M Sale of A. Jaffe
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assets to Parag Diamonds is off forthe time being.The “sale motion” — a proposal to auction off A. Jaffe — has been withdrawn, according to a court notice the company’s lawyers filed last week.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...
Financial-Legal May 24, 2018 Rapaport News
A.Jaffe jewelry
Firestar Chief Speaks Out on Nirav Modi Crisis
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...
Financial-Legal Mar 04, 2018 Rapaport News
Three Firms Linked to Modi File for Chapter 11 150
Modi Latest: Three Jewelers File for Chapter 11
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...
Financial-Legal Feb 28, 2018 Rapaport News
Polished Diamonds
Court Dismisses Exelco’s Chapter 11 Case
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...
Financial-Legal Dec 25, 2017 Rapaport News
Charming Charlie 150 121417
Charming Charlie Chooses Chapter 11
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...
Retail Dec 14, 2017 Rapaport News
KBC Bank
KBC Questions Exelco’s US Bankruptcy Move
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,...
Financial-Legal Nov 01, 2017 Rapaport News
Exelco Seeks Chapter 11 Protection in US
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...
Financial-Legal Oct 02, 2017 Rapaport News
Waldman Diamond Co. Files Chpt. 11 Protection to Fend Off Bank Leumi
The Waldman Diamond Company in New York filed for Chapter 11 bankruptcy protection in what the company called a direct response to legal action by Bank Leumi that demanded immediate repayment of a long-standing rolling credit facility. Waldman...
Financial-Legal Jun 09, 2014 Jeff Miller
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