Joan Fabrics Corporation and Madison Avenue Designs LLC File Chapter 11 Petitions
Joan Fabrics Corporation and Madison Avenue Designs LLC filed voluntary Chapter 11 petitions on April 10, 2007 in the Bankruptcy Court for the District of Delaware. They have been assigned case numbers 07-10479 and 07-10480, respectively. Each petition lists between $1 million and $100 million each in assets and liabilities. The petitions were filed by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. in Boston, Massachusetts, and by the Wilmington office of Pachulski, Stang, Ziehl Young, Jones & Weintraub LLP. Judge Christopher S. Sontchi is presiding over these cases.
UPDATE: These cases converted to Chapter 7, effective November 20, 2007 at 5:00 p.m. EST.
