Karmaloop's Bankruptcy Converted To Ch. 7

By Jonathan Randles (October 7, 2015, 9:33 PM EDT) -- Web-based streetwear retailer Karmaloop has received a Delaware bankruptcy judge's approval to convert the company's case to a Chapter 7, clearing a path for the retailer to liquidate its remaining assets after it failed to come up with a reorganization plan in the face of a heavy tax burden....

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