{"id":5171,"date":"2020-07-20T12:00:00","date_gmt":"2020-07-20T17:00:00","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=5171"},"modified":"2020-07-21T14:11:07","modified_gmt":"2020-07-21T19:11:07","slug":"lucky-brand-dungarees-llc-slides-into-the-bankruptcy-wave","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=5171","title":{"rendered":"Lucky Brand Dungarees LLC slides into the Bankruptcy Wave"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Lucky Brand Dungarees LLC prepares\nthemselves to file for bankruptcy due to the unpredicted circumstances caused\nby the pandemic, yet again. They plan to close to at least 13 stores, and but\nsell their investment business to the director of Aeropostale. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img decoding=\"async\" src=\"https:\/\/softrights.files.wordpress.com\/2020\/05\/image-1.jpeg?w=248\" alt=\"Copyright | softrights\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Documents from Bankruptcy Court in\nWilmington, Delaware show the owner of the Los Angeles franchise owes lenders\n$182 million and owes his merchandise vendors $79 million. An underdog company,\nSPARC Group LLC, from the director of Aeropostale has inquired about buying the\ninvestment. The requirements for a bid are $140.1 million in cash and a credit\nbid of $51.5 million by its lenders. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The co-owners of the SPARC group are Authentic Brands Group LLC and Simon Property Group who are masterminds behind the strategy to bid for the sinking company. With plans to team up and take over the troubling store, the two owners previously bought Forever 21 who also recently filed for bankruptcy. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not sure how to file for bankruptcy?\nContact our office at 816-524-4949 or you can visit our website at\nhoorfarlaw.com to schedule an appointment. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lucky Brand Dungarees LLC prepares themselves to file for bankruptcy due to the unpredicted circumstances caused by the pandemic, yet again. They plan to close to at least 13 stores, and but sell their investment business to the director of &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=5171\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[76,736],"class_list":["post-5171","post","type-post","status-publish","format-standard","hentry","category-general","tag-bankruptcy","tag-debt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5171"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5171\/revisions"}],"predecessor-version":[{"id":5172,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5171\/revisions\/5172"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}