Foothill Ranch-based Wet Seal files for Chapter 11 bankruptcy - OCRe...
01/16/15
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Foothill Ranch-based Wet Seal files for Chapter 11 bankruptcy
OCRegister
The company reported it will continue to operate and has secured a $20 million debtor in possession financing arrangement with Los Angeles-based B. Riley Financial Inc. Under the Chapter 11 reorganization, B. Riley would receive a majority of the stock.
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OCRegister
The company reported it will continue to operate and has secured a $20 million debtor in possession financing arrangement with Los Angeles-based B. Riley Financial Inc. Under the Chapter 11 reorganization, B. Riley would receive a majority of the stock.
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