Green already owned about 14 percent of the company.Green Capital, based in Atlanta, said it would pay for the acquisition with 6 million of cash and million of short-term secured notes issued by New Street.Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.The Debtors filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code on January 15, 2015. The Plan became effective on December 31, 2015 (Docket No. The statutory deadline to file avoidance actions is on January 15, 2017, meaning additional actions could be filed.
On August 16, 2016, the Court entered an order (the “Confirmation Order”) confirming the (the “Plan”).Main Case: In re: Seal123, Inc (f/k/a Wet Seal); Bankr. Liquidation Trust (the “Liquidation Trust”), filed approximately 70 actions pursuant to Section 547 of title 11 of the United States Code (the “Bankruptcy Code”.) The Seal123, Inc. Liquidation Trust, By and Through Its Liquidation Trustee On December 15 through 22, 2016, META Advisors LLC, as the Liquidation Trustee (the “Liquidation Trustee”) of the Seal123, Inc.The company has functioned as a merchant bank, managing bonds and stocks that Drexel owned before the bankruptcy filing.Proceeds of sales from its initial 5 million portfolio were distributed to Drexel's creditors.The Liquidation Trustee made its first round of distributions from the Liquidation Trust on October 7, 2016.The Plan, Confirmation Order and Notice of Effective Date are available by clicking on the Plan of Liquidation tab on the left hand side of this page.In no event shall KCC be liable to you or any third party for any direct, indirect, incidental, consequential or special damages (including, but not limited to, damages arising from the disallowance of a potential claim against a client of KCC or damages to business reputation, lost business or lost profits), whether foreseeable or unforeseeable and however caused, even if KCC is advised of the possibility of such damages.KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.The transaction is expected to close in the first quarter of 1994, subject to, among other things, arranging the financing.KCC's Corporate Restructuring Court Documents Search provides access to thousands of historical court documents located on KCC public access websites.