Destination Maternity Corp. (fka DESTQ)

[chemist72]

Let me try to explain as best I can.

1. Omnibus Hearings are generally for the bankrupt company to discuss matters with the Judge. In this case, since there were no matters that needed to be discussed, the company (DESTQ) asked the Judge to cancel the Hearing that was scheduled for tomorrow.

In this case, its really not a big deal. Sometimes Hearings do decide on matters of importance, but since there were no such matters a Hearing was not necessary.

This is actually positive news for this BK case, as it indicates that all issues up to this point have been resolved.

2. The all important Plan of Reorganization (POR) deadline was already delayed by order of the Court to May 17. DESTQ has already had 5 delays for this deadline. And once again, we will not know until May 17 whether DESTQ will ask for another delay or will actually file a POR this time on 5/17.

You might want to read the article linked below to get an understanding of the basics of a Chapter 11 bankruptcy case.
https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

Good luck.