Former Urban Brands trustee seeks final decree closing Chapter 11 case

By Jim Witters

Wilmington, Del., May 7 - The liquidating trustee for UBI Liquidating Corp., formerly Urban Brands Inc., is seeking a final decree closing the debtors' cases, leaving open only the case involving UBI Liquidating, according to documents filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Any remaining claims filed against any of the debtors will be handled as though filed against the liquidating trust, states the motion filed by trustee Stephen A. Feldman.

A hearing on the motion is scheduled for 11:15 a.m. ET on May 22.

As previously reported, the debtors sold their assets to New Ashley Stewart, LLC and GB Merchant Partners, LLC on Oct. 29, 2010.

The company's Chapter 11 plan received court confirmation on Oct. 19, 2011 and became effective on Dec. 1, 2011.

"There are no motions, contested matters or adversary proceedings that remain unresolved in the Chapter 11 cases for those 54 debtors," court documents state.

Urban Brands, a Secaucus, N.J.-based plus-sized apparel retailer, filed for bankruptcy on Sept. 21, 2010. Its Chapter 11 case number is 10-13005.

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