Sexy Hair Concepts Enters Ch. 11, Cites Economy

Law360 (December 22, 2010, 7:39 PM EST) -- Hair care product distributor Sexy Hair Concepts LLC has filed for Chapter 11 protection after negotiations with its lenders fizzled and a planned asset sale raised objections from its largest unsecured creditor.

Scott F. Gautier of Peitzman Weg & Kempinsky LLP lodged Sexy Hair Concept's bankruptcy petition and emergency first day motions in the U.S. Bankruptcy Court for the Central District of California on Tuesday, listing $78 million in assets and just over $91 million in liabilities.

According to court filings, the Chatsworth, Calif.-based hair product...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.