September 25, 2017
On September 25, 2017, Kelley Drye & Warren LLP was selected as counsel to the Official Committee of Unsecured Creditors of Portrait Innovations. On September 1, 2017, the company commenced chapter 11 proceedings in the Western District of North Carolina. The company operates 119 portrait studios after closing 63 locations prior to bankruptcy and is pursuing a reorganization focused on a new partnership with Walmart.
The Committee includes FUJIFILM North America, GGP Limited Partnership, DDR Corp., Regency Centers, Access Point, Inc. and Proximity Costa Rica LLC.
Kelley Drye is a full service law firm with a nationally recognized bankruptcy practice that regularly represents creditors’ committees and other creditors in complex chapter 11 cases. Kelley Drye’s creditor-oriented practice is involved in virtually every major retail bankruptcy case in the country, and our award winning bankruptcy representations have been recognized by the Turnaround Management Association, the Association for Corporate Growth, the Global M&A Network, the M&A Advisor, and The Deal Pipeline.
The Kelley Drye team in Portrait Innovations is led by partners Eric Wilson
and Jason Adams