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Article Date: January 2009
Word Count: 202

AGAINST ALL ODDS FILES FOR CHAP. 11.


Kwangwon “Kenny” Kym, the co-founder of the Southpoleapparel brand and sole owner of the Against All Odds apparel chain, asked a NJbankruptcy court for more time to file required financial schedules. The70-door, Moonachie, NJ-based chain, whose doors extend south to Texas and westto California, filed for bankruptcy protection in Newark, NJ on January 5. Theretailer lists assets and liabilities in the $10-$50 million range on itsvoluntary petition.

All of Against All Odds trade debts with its top 20creditors are in dispute, including nearly $2.1 million owed to factoring firmThe CIT Group, which filed a lawsuit against the retailer in early Dec. ... Log in to view full article.

 


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