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Bankruptcy petition filed against PreVu
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Bankruptcy petition filed against PreVu
Creditors with claims against PreVu Inc., the retailer formerly known as Wilsons the Leather Experts Inc., filed a petition in federal court to force the company into bankruptcy. The claims, totaling $843,194, stem from lease obligations at 13 malls, according to an involuntary Chapter 7 petition filed in U.S. Bankruptcy Court in Wilmington, Del. PreVu said last month that it was unable to get financing to stay in business and would liquidate its remaining stores. Eleven of the petitioning creditors are affiliates of General Growth Properties Inc., a nationwide mall operator and PreVu landlord.
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