Shoe Mania Creditors Seek to Force Retailer Into Bankruptcy
Shoe Mania LLC creditors with a total of $3.4 million in claims filed court papers seeking to force the Manhattan retailer into bankruptcy.
Clarks Cos., Cole Haan, New Balance Athletic Shoe Inc., Puma North America Inc., Earth Inc., VF Outdoor Inc., Mephisto Inc., Allrounder Inc., Skechers USA and Converse Inc. filed the involuntary Chapter 7 petition Friday in U.S. Bankruptcy Court in Manhattan.
Shoe Mania has failed “to pay its debts owed to the petitioning creditors as such debts became due,” Lawrence Gottlieb, an attorney for the creditors, said in court papers.
Bank Leumi USA sued Shoe Mania on July 24 in New York state Supreme Court alleging the company shut all three of its Manhattan stores earlier that month and moved the inventory without notifying the lender.