On on March 2 and 3, 2012, KDW Restructuring & Liquidation Services, LLC, Litigation Trustee for the Jennifer Convertibles Litigation Trust in the Jennifer Convertibles, Inc. Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation in the United States Bankruptcy Court Southern District of New York .
Debtor and Bankruptcy Case Overview
Lead Bankruptcy Case Name (Case Number): Jennifer Convertibles, Inc. (10-13779)
Bankruptcy Court District (Division): United States Bankruptcy Court Southern District of New York
Petition Date: July 18, 2010
Associated Debtors: Jennifer Convertibles Boylston MA, Inc.; Jennifer Chicago Ltd.; Elegant Living Management, Ltd.; Hartsdale Convertibles, Inc.; Jennifer Management III Corp.; Jennifer Purchasing Corp.; Jennifer Management II Corp.; Jennifer Management V Ltd.; Jennifer Convertibles Natick, Inc.; Nicole Convertibles, Inc.; Washington Heights Convertibles, Inc.
Debtors' Industry Group: Furniture and Homefurnishings Stores (SIC:5710, 5712)
Debtors' Business: The Debtors were owners of the largest group of sofabed specialty retail stores in the United States, as well as seven furniture stores operated under the Ashley Furniture Homestore brand
Primary Industry Groupings of Defendants: Advertising (7310); Transportation services (4700)
Adversary Proceedings Overview
Plaintiff: KDW Restructuring & Liquidation Services, LLC, Litigation Trustee for the Jennifer Convertibles Litigation Trust
Number of Proceedings: 41
When Filed: on March 2 and 3, 2012
Adversary Proceeding Judge: U.S. Bankruptcy Judge Allan L. Gropper
Plaintiff's Counsel: ASK Financial LLP (St. Paul, MN) attorneys John T. Siegler (NY), Joseph L. Steinfeld, Jr.(MN), Kendra L. Kasik (MN)
Avoidance Period: The complaint identifies the preference period as "the ninety (90) days before the Petition Date, that is between April 19, 2010 and July 18, 2010".
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