Former Gymboree amended plan unanimously accepted by voting creditors

By Caroline Salls

Pittsburgh, May 27 – Gemstone Solutions Group, Inc.’s amended plan of reorganization was unanimously accepted by voting creditors, according to a ballot report filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

Gemstone Solutions was formerly Gymboree Group, Inc.

Specifically, the one holder of $1.00 in pre-bankruptcy ABL claims and all six holders of $1.66 million in deficiency claims voted to accept the plan.

The plan confirmation hearing was scheduled to begin on May 27.

Gymboree is a children’s apparel specialty retailer based in San Francisco. The company filed bankruptcy on Jan. 16, 2019 under Chapter 11 case number 19-30258.

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