Barneys Chapter 11 plan deemed accepted by both vote-eligible classes

By Caroline Salls

Pittsburgh, Jan. 21 – Barneys New York Inc.’s Chapter 11 plan was accepted by a majority of voting creditors, according to a ballot report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

A total of 263 holders, or 82.4% in number, of $56.66 million, or 90.9% in amount, of general unsecured claims voted to accept the plan, while 56 holders, or 17.6% in number, of $5.69 million, or 9.1% in amount, of those claims voted to reject it.

In addition, the pre-bankruptcy secured claims class was deemed to accept the plan, although no ballots were received from creditors in this class.

The plan confirmation hearing is scheduled for Feb. 4.

Barneys is a New York-based luxury specialty retailer. The company filed bankruptcy on Aug. 6 under Chapter 11 case number 19-36300.

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