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Bankruptcy Reorganization Chapter 11

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May 29, 2009

Olly's Retail U.S.A., Inc. Files For Chapter 11

Olly’s Retail U.S.A., Inc., a women’s and children’s clothing retailer, filed for chapter 11 bankruptcy protection yesterday at the US Bankruptcy Court for the Southern District of New York.  The debtor’s petition lists assets of $1 million to $10 million and liabilities of $10 million to 50 million.  The largest unsecured creditor is Toll Group (Baltrans), owed approximately $105,000.  Download the petition here.

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