---
title: "Law360 Mentions Kelley Drye Attorneys as Counsel to dELia*s Creditors Committee in the Retailer’s Bankruptcy"
date: 2014-12-23T00:00:00-05:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/news/law360-mentions-kelley-drye-attorneys-as-counsel-to-delia-s-creditors-committee-in-the-retailers-bankruptcy"
section: News
---
# Law360 Mentions Kelley Drye Attorneys as Counsel to dELia\*s Creditors Committee in the Retailer’s Bankruptcy

 December 23, 2014

 

 

 

 

 

 

Partners [James S. Carr](/Our-People/James-S-Carr), [Eric R. Wilson](/Our-People/Eric-R-Wilson) and [Robert L. LeHane](/Our-People/Robert-L-LeHane) are noted as counsel to dELia\*s Inc. unsecured creditors committee in the *Law360* article ​“Delia’s Reaches Tentative Creditor Deal On $20M DIP.” The article discusses a provisionary agreement from the unsecured creditors of dELia\*s to settle concerns that a $20 million bankruptcy loan would let lender Salus Capital Partners LLC receive too much of the retailer’s liquidation. The terms of the proposed deal state that $18.5 million of dELia\*s liquidation would go to paying Salus for preexisting loans. If Salus approves, the agreement will avoid the possibility of a dispute among the unsecured creditors over whether dELia\*s can fund its wind-down on existing cash and collateral alone.

To read the full article, please click [here](http://www.law360.com/articles/606999/delia-s-reaches-tentative-creditor-deal-on-20m-dip). Access may require subscription.

 

 

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