Ritz Camera Asks For Conversion From Ch. 11 To Ch. 7

Law360, New York (December 18, 2012, 4:03 PM EST) -- Ritz Camera & Image LLC asked a Delaware court on Thursday to convert its Chapter 11 bankruptcy protection to a Chapter 7 bankruptcy, which will effectively end the nation's largest specialty camera chain just five years shy of its centennial.

The Chapter 7 hearing is scheduled for Jan. 15, and, if approved, Ritz will be cleared to appoint a trustee to liquidate its remaining assets after spending the year struggling to find a path back to solvency.

Founded in 1918, the onetime billion-dollar company filed for...
To view the full article, register now.




Case Information

Case Title

Ritz Camera & Image, L.L.C.

Case Number




Nature of Suit

Date Filed

June 22, 2012

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.