Wet Seal Inc.(fka WTSLQ)

[Dobie Lama]

There is no bankruptcy filing mentioned in the Form 8-k report.

Just the store closures. Looks like they will continue to operate without filing a bk.

The Company is filing this Current Report on Form 8-K because the Store Closures may be considered to be a disposition of assets by the Company.

As previously disclosed, in connection with the Store Closures, the Company expects to incur various charges and costs, including costs and charges associated with inventory write off, asset impairments (consisting primarily of write-offs of fixtures, furniture and equipment at the closed stores) and employee terminations. The Company did not enter into a separate plan or agreement in connection with the Store Closures and possession of the closed stores was returned to the applicable landlords.