Barneys Gets Extension To Name Ch. 11 Stalking Horse

Law360 (October 11, 2019, 6:57 PM EDT) -- Bankrupt luxury retailer Barneys New York Inc. will have until Tuesday morning to submit a stalking horse asset purchase agreement with a purchase price that will cover outstanding post-petition loan obligations after a hearing Friday on proposed amendments to those loan documents.

U.S. Bankruptcy Judge Cecelia G. Morris signed an order extending the stalking horse deadline until 9 a.m. Oct. 15 and approved suggested changes to the debtor-in-possession loan documents suggested by Barneys, resolving for several days a brewing battle with the lenders providing $217 million in financing that pushed this week for a liquidation of the debtor.

Pursuant to Friday's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS