June 02, 2014
A Delaware bankruptcy judge gave his blessing Monday to a reduced incentive program that could pay four Coldwater Creek Inc. executives as much as $1.7 million, as well as an $800,000 program designed to keep other employees on board during the clothing retailer's Chapter 11.
May 23, 2014
A U.S. Trustee objected to defunct clothier Coldwater Creek Inc.'s motion to approve $2.56 million of bonuses to several executives in Delaware bankruptcy court Friday, saying the plan is a retention and severance package in disguise.
May 21, 2014
Women's clothing retailer Coldwater Creek Inc. won approval from a Delaware bankruptcy judge Wednesday for a $1.1 million deal to sell its spa business as a going concern to ASJ Consulting LLC, which prevailed at a Chapter 11 auction the previous day.
May 20, 2014
Bankrupt Coldwater Creek Inc.'s post-petition lender Wells Fargo Bank NA defended late Monday the up to $75 million debtor-in-possession loan it had extended to the debtor, calling the creditor committee's accusations that it was unnecessary, and possibly entered into under pressure, unsubstantiated and baseless.
May 16, 2014
The creditors committee in the Coldwater Creek Inc. bankruptcy heaped more criticism onto the case Friday with an emergency request for the court to reconsider the interim approval it gave to the debtor's up to $75 million debtor-in-possession loan that the creditors say "gave away the store."
May 14, 2014
The creditors committee in the Coldwater Creek Inc. bankruptcy blasted the debtor's disclosure statement, and by extension its Chapter 11 plan, on Wednesday, arguing that the liquidating women's clothing retailer is moving too fast to try to seek approval of a "patently unconfirmable plan."
May 06, 2014
Coldwater Creek Inc. got the green light from a Delaware bankruptcy judge Tuesday for a $161 million deal that lets liquidators Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC run going-out-of-business sales for the women's clothing retailer.
April 30, 2014
Thirteen Texas tax authorities launched an objection Tuesday to an asset sale proposal released by Coldwater Creek Inc., telling a Delaware bankruptcy court that they might lose property taxes the retailer owes if the proposal is approved.
April 25, 2014
A Delaware bankruptcy judge on Friday agreed to delay consideration of Coldwater Creek Inc.'s proposed bidding procedures, finding the newly minted creditors committee should have a chance to go over the clothing retailer's plans to sell off its inventory through going-out-business sales.
April 14, 2014
A Delaware bankruptcy judge gave women's clothing retailer Coldwater Creek Inc. the interim OK on Monday for up to $75 million in post-petition financing, and the green light to make speedy preparations for its plan to liquidate its inventory in going-out-of-business sales to start before Mother's Day.