Procedures For Sharper Image's Ch. 11 Exit Get Green Light

Law360, New York (August 13, 2012, 9:43 PM EDT) -- A Delaware bankruptcy judge granted a motion Monday by TSIC Inc., formerly the Sharper Image, for procedures for dismissing its Chapter 11 case and the disallowance of claims by a class of consumers who owned gift cards the retailer issued before going under.

U.S. Bankruptcy Judge Kevin Gross approved the motion, filed jointly by the debtor and the official committee of unsecured creditors, which asked for approval of the dismissal procedures and the reconciliation and allowance of unsecured claims, as well as the disallowance of certain...
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