A group of Asian manufacturers filed court papers on Friday in an attempt to push U.S. women's apparel brand Ellen Tracy into bankruptcy.
The creditors who say they are owed about $3.8 million, filed an involuntary bankruptcy petition against the company in U.S. bankruptcy court in Manhattan.
Ellen Tracy, which sells its clothing brand through stores like Neiman Marcus
The creditors based in Shanghai and Hong Kong include, Shanghai K&J Apparel Co, Chinamine Trading, Shanghai Mandarin Fashion Limited and Excellent Jade Limited. They are being represented by Kenneth Rosen, an attorney at Lowenstein Sandler, according to court papers.
Under U.S. law, Ellen Tracy has 20 days to respond to the involuntary bankruptcy petition.
The case is Ellen Tracy LLC, U.S. Bankruptcy Court, Southern District of New York, No. 09-14994.
(Reporting by Emily Chasan; Editing Bernard Orr)