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Article: ISABELLA FIORE SEEKS FINANCING TO SEAL ASSET SALE.
- Article from:
- Footwear News
- Article date:
- March 31, 2008
CopyrightCOPYRIGHT 2008 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Nicole Urbanowicz
NEW YORK - Isabella Fiore LLC filed an emergency motion in an L.A. bankruptcy court seeking roughly $2 million in financing in order to continue its operations through the end of April, which could facilitate selling the company.
According to a March 25 filing in the U.S. Bankruptcy Court, Central District of California, Los Angeles division, Isabella Fiore is seeking approval to obtain credit from Los Angeles-based CIT Group Inc. since it has no other source of operating capital to cover its costs.
On March 21, Isabella Fiore first filed a petition for relief under Chapter 11 of the bankruptcy code, saying it is ...