January 15, 2013
A Delaware bankruptcy judge on Tuesday approved Ritz Camera & Image LLC's conversion from a Chapter 11 case into a Chapter 7 bankruptcy, clearing the erstwhile camera giant to appoint a trustee to liquidate its remaining assets following its failed attempts to find a way back to solvency.
December 18, 2012
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.
September 10, 2012
A Delaware bankruptcy court on Monday approved the liquidation of Ritz Camera & Image LLC after the photographic retailer, involved in its second tour through Chapter 11, failed to drum up interest in the company as a going concern.
July 30, 2012
A Delaware bankruptcy court approved bidding procedures for Ritz Camera & Image LLC on Monday, paving the way for the bankrupt photographic retailer to market a streamlined version of itself as it attempts to escape Chapter 11 for a second time.
July 23, 2012
Groups of landlords and property managers lodged six separate objections Monday opposing the bidding procedures proposed by bankrupt Ritz Camera & Image LLC, claiming the accelerated schedule provides little time to properly assess potential purchasers.
July 17, 2012
A Delaware bankruptcy judge gave final approval Tuesday to Ritz Camera & Image LLC's $20 million debtor-in-possession financing after the bankrupt retailer and its creditors amended the agreement to better preserve the administrative solvency of the estate while it seeks a buyer.
July 09, 2012
Bankrupt Ritz Camera & Image LLC is seeking a stalking horse bidder as it looks to auction itself as a going concern by early September, according to documents the company filed Friday in Delaware bankruptcy court.