Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is calling it a private company, with Edison at the helm banking $350K a year.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=2126077
You need to mash the gas !! Do I buy a couple mill more or what here ?
Why the huge volume and no posts? Where did this come from, who's buying? Dirt cheap still
some abnormally large vol today.. any thoughts?
http://who.godaddy.com/whois.aspx?k=piwTTF+6N5NACrRrw3aNljj94Ae/zXKiTKZx3EZ/lX07HhurSLD+SsOaTx1KeD7O&domain=bakersshoes.com&prog_id=GoDaddy
Registrant:
Bakers Footwear Group, Inc.
2815 SCOTT AVE
SAINT LOUIS, MO 63103-3032
US
Domain Name: BAKERSSHOES.COM
Administrative Contact:
Bakers Footwear Group, Inc. llewis@bakersshoes.com
2815 SCOTT AVE
SAINT LOUIS, MO 63103-3032
US
314 621 0699 fax: 314 621 07085
Technical Contact:
Balcer, Jim domainadmin@bfgstl.com
Bakers Footwear Group, Inc.
2815 SCOTT AVE
SAINT LOUIS, MO 63103-3032
US
314-621-0699 X184 fax: 314-641-0321
Record expires on 12-Nov-2016.
Record created on 12-Nov-1999.
Database last updated on 29-Mar-2013 20:38:26 EDT.
Domain servers in listed order:
NS1.COVELLA.COM 69.25.40.66
NS2.COVELLA.COM 69.25.40.67
Registrar: NETWORK SOLUTIONS, LLC.
Whois Server: whois.networksolutions.com
Creation Date: 12-NOV-1999
Updated Date: 17-MAY-2011
Expiration Date: 12-NOV-2016
Nameserver: NS1.COVELLA.COM
Nameserver: NS2.COVELLA.COM
Registry Status: clientTransferProhibited
I'm gonna try and find out if that SOB CEO bought it - if he did thats friggin fraud assisted by the BK system.
If not - good - hope he's penniless and his damn shoes have holes in em.
JMO
Just looked at it for a min, looks like someone bought the website and rights and is back in business now??
Good for us? Not sure? But cant hurt right...
Has anyone seen their new website homepage?
http://www.bakersshoes.com/
If only!!!!!!!!!!!
I am hoping so.. they usually do...
Do we get one more pps spike sometime before its over?
I personally am hoping to find that Peter Edison is declaring personal bankruptcy for all his "personal" guarantees he spread around while stiffing those whom were owed money.
Another one bites the dust! Could of bought some used toilet paper instead & the result would be better. Friggin management should be held more responsible in these cases, pretty sad to say the least!
Chapter 11 was converted to Chapter 7 - TOTAL LIQUIDATION
IT APPEARS TO BE NEAR CANCELLATION ANYDAY NOW.
selling stuff cheap now !
http://www.bakersshoes.com/c3-985-Weekly-Steal.aspx
We can hope.
I'm hoping the Trustee takes my offer for the IP - I think I could make Bakers a profitable internet only merchandiser.
Mr. Trustee - CALL ME
Thanks ErnieBilco, I guess they will be cancelling the shares soon. I can only hope they have a message for the shareholders - one that can cause liquidity on that day only. Would want to get out with something.
Some BK stocks run on the last day before cancellation of shares on the day that follows.
Look in the ibox - there is a link to all their documents right near the top of the page. Then click "view documents" on the upper right of the page.....after agreeing to the disclaimer.
Hope that helps.
I too play Q stocks - win some and lose some.
ErnieBilco, thanks for the information. When are they expected to completed the whole process? How did you get the information?
I must say that I have been investing in bankruptcy stocks for quite a while but this one was peculiar; there was no news released at all.
I tell you something, I am holding a lot of shares here and evidently it looks like I am gonna lose everything.
IP is up for sale - HEY MR TRUSTEE I BID $1 DOLLAR payable in 1000 equal monthly installments of ____ with a balloon payment of .99 on the 1000 installment.
http://www.donlinrecano.com/cases/docketfile.ashx?cl=bakers&c=12-49658&d=586
Great American Group Handles Liquidation of Bakers Footwear Group
Great American Group, Inc. (OTCBB:GAMR) has been selected to handle the liquidation of Bakers Footwear Group, Inc., offering discounts for products in 56 of Bakers Footwear Groups’ remaining stores, as well as online at www.bakersshoes.com.
“We are offering significant discounts online and on all store items, so consumers will have the opportunity to purchase quality, name-brand women’s shoes at steep discounts,” said Scott Carpenter, President of Great American Group’s Retail Division.
With merchandise being sold for at least 40 percent off, Carpenter urges shoppers to head to their local stores or visit the website soon for the best selection.
Bakers locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia are part of the sale event, which is also being conducted online at www.bakersshoes.com
On Jan. 15, 2013 a bankruptcy judge for the U.S. Bankruptcy Court in St. Louis signed a Chapter 7 order allowing Bakers Footwear Group to conduct going-out-of-business sales at its remaining stores.
Bakers Footwear Group is the third shoe retailer that has selected Great American Group to liquidate stores over the past 18 months. Great American Group assisted Payless ShoeSource and Sterling Shoes with store restructuring projects, consolidating store locations for both companies in 2011 and 2012.
Bakers Footwear Group, once a leading national mall-based retailer of shoes for young women, operated 236 Bakers and Wild Pair shoe stores in 37 states before filing for Chapter 11 bankruptcy last October due to declining sales. At that time, the company hired GA Keen Realty Advisors, LLC of New York, a division of Great American Group, to market leases for 150 Bakers and Wild Pair shoe store locations in 31 states.
Founded in 1929 under a different name, Bakers Footwear Group stores target women between 12 and 29 years old, selling merchandise including private label and national brand dress, casual and sport shoes, boots, sandals and accessories.
About Great American Group, Inc. (OTCBB:GAMR)
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, New York, San Francisco and London. For more information, call (818)884-3737 or visit www.greatamerican.com.
Source: Business Wire (January 25, 2013 - 10:21 AM EST)
News by QuoteMedia
List of IP and trademarks
Bakers Footwear Group, Inc.
Patent Report By Invention
Search Criteria
ClientID 515663
Status ACTIVE
Display Options
Inventors All
Images All
Printed: 1/8/2013
COUNTRY REFERENCE # TYPE FILED SERIAL # ISSUED PATENT # STATUS
ACCESSORY WALL PANEL
Inventors: Peter A. Edison, Joseph R. Vander Pluym, Kiku Obata, Russell Buchanan Jr.
UNITED STATES 515663.13 NEW 02/15/2006 29/253,992 12/04/2007 D556,489 ISSUED
DECORATIVE PLATE ON SHOE SOLE
Inventors: Wally Young, Robert Keely
UNITED STATES 515663.15 NEW 05/25/2006 29/247,049 12/18/2007 D557,483 ISSUED
DISPLAY TABLE
Inventors: Peter A. Edison, Joseph R. Vander Pluym, Kiku Obata, Russell Buchanan Jr.
UNITED STATES 515663.9 NEW 02/15/2006 29/253,941 04/03/2007 D539,564 ISSUED
PEDESTAL DISPLAY TABLE
Inventors: Peter A. Edison, Joseph R. Vander Pluym, Kiku Obata, Russell Buchanan Jr.
UNITED STATES 515663.8 NEW 02/15/2006 29/253,970 08/21/2007 D549,012 ISSUED
STORE COUNTER DISPLAY AND BACKDROP AREA
Inventors: Peter A. Edison, Joseph R. Vander Pluym, Kiku Obata, Russell Buchanan Jr.
UNITED STATES 515663.14 NEW 02/16/2006 29/254,084 10/30/2007 D553,878 ISSUED
STORE WALL FIXTURE (3 piece unit)
Inventors: Peter A. Edison, Joseph R. Vander Pluym, Kiku Obata, Russell Buchanan Jr.
UNITED STATES 515663.12 NEW 02/15/2006 29/253,958 11/13/2007 D554,907 ISSUED
STORE WALL FIXTURE(2 piece unit)
Inventors: Peter A. Edison, Joseph R. Vander Pluym, Kiku Obata, Russell Buchanan Jr.
UNITED STATES 515663.11 NEW 02/16/2006 29/254,077 11/13/2007 D554,908 ISSUED
STORE WINDOW DISPLAY FIXTURE WITH STRIPE
Inventors: Peter A. Edison, Joseph R. Vander Pluym, Kiku Obata, Russell Buchanan Jr.
UNITED STATES 515663.10 NEW 02/15/2006 29/253,993 05/29/2007 D543,383 ISSUED
END OF REPORT TOTAL ITEMS SELECTED 8
Page 1
Bakers Footwear Group, Inc.
Trademark Report By Title
Search Criteria
TMark [not] *transfer*
Status ACTIVE
ClientID 515663
Display Options
Goods All
Images All
Printed: 1/8/2013
COUNTRY REFERENCE # FILED APP # REG DT REG # STATUS CLASSES
B & DESIGN
14, 18, 25,
26, 35
UNITED STATES 515663.36 02/15/2001 78/048,493 06/20/2006 3,107,432 REGISTERED
CLASS DESCRIPTION
14 jewelry
18 handbags and purses
25 footwear, clothing, namely jackets, scarves, belts, socks, hosiery
26 footwear ornaments not of precious metal, hair ornaments and barrettes
35 retail store services, online retail services, mail order services and catalog services, all in the fields of
footwear, clothing and accessories therefor
BAKERS
UNITED STATES 515663.25 08/22/1960 72/103,123 08/08/1961 719,778 REGISTERED 35
CLASS DESCRIPTION
35 Retail shoe and accessory store services
UNITED STATES 515663.29 03/12/1998 75/449,163 11/16/2010 3,875,198 REGISTERED 25
CLASS DESCRIPTION
25 Clothing, namely, hats, belts, socks, shoes, scarves, tights, shoe inserts, namely, cushioned heel
inserts, and non-slip pads for application to the soles of shoes
UNITED STATES 515663.43 03/19/2002 78/115,991 11/16/2010 3,876,307 REGISTERED 35
CLASS DESCRIPTION
35 Retail shoe and accessory store services
14, 18, 21,
26, 3, 9
UNITED STATES 515663.33 03/12/1998 75/979,308 11/16/2010 3,875,200 REGISTERED
CLASS DESCRIPTION
3 Shoe polishes, shoe oils, and shoe polish with a sponge applicator
9 sunglasses
14 jewelry
18 wallets, backpacks, and handbags
21 shoe brushes and shoe sponges
26 hair ornaments and hair accessories, namely salon clips, hairpins, barrettes, hairsticks, combs, snap
clips, hairclaws, ponytail holders, hair bands, and hair bows
BAKER'S
CANADA 515663.44 05/28/2002 1141926 12/20/2005 655,552 REGISTERED SVS
Page 1
COUNTRY REFERENCE # FILED APP # REG DT REG # STATUS CLASSES
CLASS DESCRIPTION
SVS Retail store services featuring shoes and accessories
CANADA 515663.45 08/19/2002 1150020 03/22/2006 661,116 REGISTERED WRS
CLASS DESCRIPTION
WRS Footwear, namely boots, sandals, shoes and slippers
CIELLA
UNITED STATES 515663.46 03/10/2006 78/834,037 10/23/2007 3,321,308 REGISTERED 25, 35
CLASS DESCRIPTION
25 footwear
35 retail store services featuring footwear and related accessories
LEED'S
UNITED STATES 515663.37 08/22/1960 72/103,122 08/08/1961 719,777 REGISTERED 35
CLASS DESCRIPTION
35 Retail shoe and accessory store services
NO PARKING
UNITED STATES 515663.26 03/13/1995 74/648,455 12/19/1995 1,943,049 REGISTERED 25
CLASS DESCRIPTION
25 Shoes
PRECIS
UNITED STATES 515663.52 MAILED
QUALI CRAFT (STYLIZED)
UNITED STATES 515663.27 03/19/1946 71/498,510 06/17/1947 430,591 REGISTERED 25
CLASS DESCRIPTION
25 Ladies' shoes made of leather, rubber, fabrics, plastic, and combinations thereof
RIVERSTONE
UNITED STATES 515663.47 05/09/2006 78/879,754 11/16/2010 3,876,318 REGISTERED 25
Page 2
COUNTRY REFERENCE # FILED APP # REG DT REG # STATUS CLASSES
CLASS DESCRIPTION
25 footwear, namely, sandals, boots, sneakers, and shoes
SHOETERNITY
UNITED STATES 515663.50 07/15/2010 85/085,639 10/11/2011 4,039,478 REGISTERED 41, 45
CLASS DESCRIPTION
41 online journals, blogs featuring topics on fashion, footwear and fashion accessories
45 Online community/social networking featuring topics on fashion, footwear and fashion accessories
SHOETERNITY.COM
UNITED STATES 515663.51 07/15/2010 85/085,704 10/11/2011 4,039,479 REGISTERED 41, 42
CLASS DESCRIPTION
41 On-line journals, namely, blogs featuring topics on fashion, footwear and fashion accessories
42 Creating an on-line community for registered users to participate in discussions, get feedback from their
peers, form virtual communities, and engage in social networking featuring social media and topics on
fashion, footwear and fashion accessories
STOMP
UNITED STATES 515663.35 12/04/1997 75/399,831 08/24/1999 2,273,024 REGISTERED 25
CLASS DESCRIPTION
25 footwear, namely shoes, slippers, socks and hosiery; and belts
THE LEGWORKS
UNITED STATES 515663.28 07/20/1973 72/463,471 06/18/1974 986,497 REGISTERED 25
CLASS DESCRIPTION
25 Socks
TOZ
UNITED STATES 515663.49 12/19/1997 75/408,616 08/05/2003 2,745,441 REGISTERED 035
CLASS DESCRIPTION
035 wholesale and retail stores featuring footwear
UNITED STATES 515663.48 10/12/2000 78/030,394 06/01/2004 2,849,107 REGISTERED 025
CLASS DESCRIPTION
025 Footwear, namely, shoes
END OF REPORT TOTAL ITEMS SELECTED = 19
Page 3
Hi Ernie. I noticed last month there was a bid on level two for a while of 1M shares at .01 & now late last week seen a bid popup of 1.5M shares at .002. You have any ideas what is going on with these large bids? You think someone would actually short this stock with the limited amount of shares available? Thank you.
Well if you follow Trump...he has filed the max and has done well for his self. Sometimes you need a reset button...
The name, website and suppliers are the only thing of value at this point. I'm saying the CEO will probably attempt to take away those 3 things, if not I expect to see a newco with a very closely named website where Peter can continue to sell shoes and boots after ditching all liabilities to those he owes...... The new american way - Debts are for suckers who don't know how to play the Bankruptcy game.
Very sad, but that is what it has become IMO
677 YOU BET HE KEEPS IT AND SCREWS EVERYONE. PLEASE EXPLAIN THEN..
Someone will have the chance to buy the name in the liquidation.
A chapter 7 is total liquidation and he looses name and all assets ?
Wanna bet that the CEO somehow miraculously keeps the name and website so he can do what he intended to do from the beginning.....keep the moneymaking part and screwing everyone else creditor and shareholder while he take it private.
JMO
Jan 18, 2013 Converted to CH 7 liquidation
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MISSOURI
In re: § Case No. 12-49658-705
§
BAKERS FOOTWEAR GROUP, INC., § Chapter 11
§
Debtor. § [Related to Docket Nos. 559 and 561]
ORDER CONVERTING CASE TO CHAPTER 7
On January 14, 2013, Bakers Footwear Group, Inc. (the “Debtor”) filed its Motion to
Convert Case to Chapter 7 and a related Motion for Emergency Hearing (collectively, the
“Motions”). Upon consideration of the Motions, the Court FINDS that due and proper notice of
the Motions has been given and that good and sufficient cause exists for the entry of an order
granting the relief requested in the Motions, HOLDS that it is proper to grant the relief requested
on that basis, and accordingly ORDERS:
1. The Motion for Emergency Hearing [Docket No. 561] be GRANTED.
2. The Motion to Convert Case to Chapter 7 [Docket No. 559] be GRANTED as
provided herein.
3. This case is hereby converted to a case under Chapter 7 of the Bankruptcy Code.
4. Notwithstanding the conversion of this case, until a Chapter 7 trustee (the
“Trustee”) is appointed, qualifies, and is authorized to operate the Debtor’s business, but in no
event beyond January 23, 2013 (the period from the date of this Order through such end date, the
“Transition Period”), the Debtor is authorized to superintend the assets of the bankruptcy estate
and to operate the Debtor’s business in accordance with the terms of this Order.
5. Salus Capital Partners, LLC (“Salus”) having consented to the relief set forth in
this paragraph, the Court hereby orders: (a) that the Debtor is authorized to borrow from Salus
during the Transition Period for the purpose of paying (i) obligations incurred in connection with
-2-
the operations of its business that are payable during the Transition Period, subject to the budget
of anticipated disbursements attached hereto as Exhibit A, and (ii) reasonable and necessary
expenses of operating the Debtor’s business that are incurred during the Transition Period but
payable by their terms thereafter; (b) that Salus is directed to provide funding for the obligations
specified in subparagraph (a) upon receipt of an appropriate borrowing request from the Debtor
(during the Transition Period) or the Trustee (with respect to obligations incurred during the
Transition Period but payable thereafter); and (c) that any disputes regarding funding pursuant to
this Order shall be resolved by this Court.
6. This Order does not address obligations incurred by the Trustee following the
Transition Period, which may be the subject of an agreement negotiated between the Trustee and
Salus and, if appropriate, a subsequent order of this Court.
7. The Debtor is directed to serve a copy o
Hearing to convert from Ch 11 to Ch 7 - LIQUIDATION
NOTICE OF HEARING
PLEASE TAKE NOTICE that the Debtor filed a Motion to Convert Case to Chapter 7
and a related Motion for Emergency Hearing on January 14, 2012 (the “Motions”).
PLEASE TAKE FURTHER NOTICE that a hearing on the Motions has been scheduled
to be held on January 16, 2013 at 10:00 a.m. in the courtroom of the Honorable Charles E.
Rendlen III, United States Bankruptcy Judge, at the Thomas F. Eagleton United States
Courthouse, Courtroom 7 South, 111 S. Tenth Street, St. Louis, Missouri 63102.
WARNING: Any response or objection to the Motions may be filed until the time of
the hearing. A copy of such response or objection must be served as soon as possible upon
the undersigned and faxed to the assigned Courtroom Deputy.
Copies of the Motions are available on Donlin, Recano & Company, Inc.’s website at
www.donlinrecano.com/bakersfootwear and through the Bankruptcy Court’s PACER site,
https://ecf.moeb.uscourts.gov/cgi-bin/login.pl.
*
Hearing to convert from Ch 11 to Ch 7 - LIQUIDATION
Certainly looks Grim at best. I think the CEO is gonna try and get some kind of deal so he can keep Bakers alive for himself, the company had such a loyal following that they could go 100% e-commerce and make a killing with minimal expenses and labor.
Pretty simple, all he needs is warehouse and a UPS and Fedex account, a forklift and some boxes and packaging materials and making bank from day one.
Peter - Consider Sarasota FL - you could retire and buy or lease a really really nice warehouse on the cheap......... you might even qualify for some state and local fundage (grants) for setting up shop here on the Gulf Coast of FL.
Looks like BKRSQ is over now
ST. LOUIS • A plan to keep some of Bakers Footwear Group’s stores alive came down almost literally to the 11th hour.
The bankrupt shoe retailer had been discussing the sale of its remaining business to another company late into the night Tuesday. But talks broke down just before 10 p.m. If the deal had gone through, it would have staved off a final round of store liquidations.
Instead, on Wednesday morning, the nearly 90-year-old women’s shoe retailer got approval from a bankruptcy court in St. Louis to begin liquidating its remaining 56 stores.
Judge Charles E. Rendlen III expressed some hope that the parties would go back to the negotiating table.
Peter Edison, the company’s chief executive, said there are still efforts afoot to try to resurrect the deal with the company, which Bakers has not identified.
“But we didn’t feel confident enough in that not to proceed with the liquidation,” he said.
So this could in fact be the end of one of the city’s last remaining shoe companies.
Edison said talks over the possible sale centered on the prospective buyer taking over about 40 of Bakers’ stores. The company is not based in St. Louis but would have kept the business here as well as the Bakers name.
Edison said the deal fell through because the buyer had concerns about the complexity, expense and risk of the transaction.
“There’s no other options now,” he said. “It’s definitely sad, but we’re moving forward.”
The St. Louis-based retailer filed for bankruptcy in October after defaulting on the terms of its loan.
The first Bakers store opened in 1924. It was run by Edison Brothers, which went bankrupt in the 1990s. Peter Edison, who left Edison Brothers around the time of its first bankruptcy in 1995, and his family ended up buying the assets of another longtime St. Louis shoe company — Weiss & Neumann, which started in 1926. He later bought two of Edison Brothers’ more profitable chains, Bakers and Wild Pair, out of bankruptcy in 1999.
The company, which has its corporate headquarters on Scott Avenue near Harris-Stowe State University, once had more than 600 stores in malls across the country. But it was scaled back to about 200 stores when Edison bought it more than a decade ago.
In more recent years, as a stand-alone business, Bakers has struggled with sales and to turn a profit. The company has blamed some of its recent problems on the prices of its shoes being too high for its core demographic, and on bringing in too much inventory of certain styles that only appeal to niche customers.
Analysts also have said its devoted customers are aging while younger generations have gravitated to other stores.
Edison had initially hoped to emerge from bankruptcy and to run the company as a smaller chain of 63 stores. The company liquidated about 150 stores at the end of last year.
But those hopes dissipated when the store-closing sales did not go as well as hoped and the liquidator was not able to make the final payment to Bakers’ lender, Edison said.
He noted that the holiday season was not a great sales period for other comparable retailers.
The closing sales at the remaining 56 stores, including locations at the St. Louis Galleria, South County Center and West County Center, are expected to conclude by the end of February.
Before Wednesday’s court action, the stores had already been running sales with signs reminiscent of a liquidation sale, but without any explicit wording about going out of business.
It appears this is going to be dragged out with the objection filings. I see dates as far off as 4/1/13 and the hearing to make the deadbeats pay their leases that they havent paid some since May.
And this crook is getting to keep the company????? something stinks and it aint my popcorn.
I'm just venting, BKs are always lottos - This one just seemed to have the makings of a successful exit intact but what I didn't see was the personal greed exibited by the CEO who obiviously had planned a BK with financiers to screw everyone except himself and those paying to make it private.
I love BK plays - but timing is definitely critical and an eye on the insiders necessary.
I WILL CONTINUE TO BUY LOTTOS ON NEWLY MINTED BK TICKERS.
I wish you all well Ernie, i bought in here as a lotto shot, and i did exit this week with a nice loss, i was able to sell at the ask although i had to undercut the top one, i didn't want to drop PPS lower with bidwacks.... I hope something good comes out of this for you people. These BK's are a risk going in 1 of 10 reap huge rewards, i don't think this has a chance at all anymore.May some bounces hopefully... Looks like everything will be liquidated, maybe things change for the better though....
I think all names and websites should be forfeited in the BK process, they are in fact owned by the shareholders not the debtholders and worms.
This guy wants all the cherries without any of the pitts.
Needless to say, my opinion of the company and its worm of a CEO has been greatly changed as they peel back each layer of this snakes skin.
JMO
It appears that the CEO's word is worth diddly squat according to the latest objection by a landlord.
I. The Court Should Compel Payment of Post-Petition Rent
11. The Debtor and the Landlord are a party to a letter agreement (the “Letter Agreement”) dated May 10, 2012 entered into at the Debtor’s request which deferred payment of the May 2012 rent and associated charges in the amount of $14,655.45 until December 1, 2012. A copy of the Letter Agreement is attached hereto as Exhibit A. In addition to rent that came due on December 1, 2012, the Debtor has failed to pay a portion of November rent and any of January 2013 rent that has come due. An itemization of the post-petition amounts due is attached hereto as Exhibit B. Debtor has defaulted on these post-petition obligations to the Landlord in violation of the Lease and § 365(d)(3) of the Bankruptcy Code, which requires the Debtor to timely perform all of its obligations under the Lease.
12. The Debtor should be directed to immediately pay all outstanding post-petition obligations due under the Lease as of entry of an Order on this Motion as a condition to conducting any store closing sale at the Premises.
How can the courts accept a "guarantee" from the CEO when the CEO has failed to execute already promised payments -
HE APPEARS TO BE A DEADBEAT TENNANT WHO THINKS THE COURTS SHOULD JUST LET HIM RUN WILD ON ALL HIS "OBLIGATIONS" UNDERTAKEN WHILE DESTROYING THE COMPANY.
JMO
Next date: Jan 9th
Notice of Hearing Filed by Debtor Bakers Footwear Group, Inc. (RE: related document(s)527 Motion to Authority to Conduct Store-Closing Sale and to Abandon Unsold Assets, Application to Employ Great American Group, LLC as Liquidation Consultant Filed by Debtor Bakers Footwear Group, Inc. Hearing scheduled 1/9/2013 at 10:00 AM at Bankruptcy Courtroom 7 South. (Attachments: # 1 Exhibit A Agreement# 2 Exhibit B Stores# 3 Exhibit C Naughton Declaration# 4 Exhibit D Sale Guidelines# 5 Exhibit E Proposed Order) (Walsh, Brian)). Hearing to be held on 1/9/2013 at 10:00 AM Bankruptcy Courtroom 7 South for 527, (Walsh, Brian) (Entered: 01/02/2013)
Who knows??? The friggin crooked CEO is the only one that appears to be coming out the other side at this point....... and his sorry arse ain't talking.
Hit their FB page and ask - they hate that.
Will we know something tomorrow ? The waiting game is killing me !
NOTICE OF HEARING ON APPROVAL OF DISCLOSURE STATEMENT
January 2, 2013
http://www.donlinrecano.com/dr201/bakers/Notice%20of%20Hearing%20on%20Approval%20of%20Disclosure%20Statement.pdf
The plan hasn't been signed off yet.
Commons are not yet cancelled.
Thanks for posting the link.
What kind of backwoods judge would accept a "personal guarantee" from the very individual that bankrupted his company in the 1st place????
Something is very very shady here -
Equity is to be cancelled - but somehow this SOB Edison's "equity" is pledged against his worthless "guarantee"???
Can this judge even read???? It is obvious the judge is "impaired" or just plain stupid.
JMO
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
810
|
Created
|
03/25/10
|
Type
|
Free
|
Moderators |
http://www.bakersshoes.com
this company is in bankruptcy
WHICH MEANS INSIDERS CANNOT SELL!!!!
follow the case here: www.donlinrecano.com/bakersfootwear
MAKES THIS FLOAT EXTREMELY TIGHT!!!!
VERY POSSIBLY 5 MILLION OR LESS!!!!
INSIDERS CANT SELL ANYTHING!!!!
MAJOR OPPORTUNITY FOR INVESTORS RIGHT NOW
THE AUTHORIZED SHARES IS A MEASLY 40 MILLION
Store Locator http://www.bakersshoes.com/store_locator.aspx
Market Value1 | $102,255 | a/o Oct 16, 2012 |
Shares Outstanding | 9,295,916 | a/o Jun 09, 2012 OMG!!!!! |
Float | Not Available... | |
Authorized Shares | Not Available | |
Par Value | 0.0001 |
Shareholders of Record | 37 | a/o Apr 27, 2012 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |