HELP! Designer Vault going bankrupt and they owe me 3k!

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#61
The Unique Boutique said:
Earlier post deleted. I'm a newbie and did not see and therefore did not read the conversation so I have removed all signs of my redundant blathering:smile: ….. ..... I'm sorry, Pa. I'll do better, I swear I will, I promise.

Seems to me there would be procedures for giving consignment items back before liquidating used items to the public . If you are on the petition what is the bank going to do, demand they liquidate your used items? But that's IF they have it. According to a previous post they have 4K in assets we didn't hear a manifest for.
4K doesn't sound like hundreds of designer bags.​

It doesn't help the original poster but for the people that think their items didn't sell, I​
see two possibilities …. Used clothing and accessories may not be considered an asset, they have them and there is a good chance to get the items back to the owners. You are still the owners of the items, no? Has anyone brought up that factoid? It is not there item. Second option is that this is all going down after black Friday for a reason. They sold most of them, had a huge weekend and moved the money, then they filed. Whatever the case I wish you all the best. Good luck. and hey, just like my folks used to say,

MERRY CHRISTMAS!!
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The people whose bags were not sold were named in a list under the "executory contracts" section of the bankruptcy petition. The bags were not listed under assets. Assets included a small checking account, a landlord security deposit, and office furniture totaling out at $17k.
 
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#62
Ceeyahd said:
Also, has anyone searched for DV incorporation? We had a business in the family, the family owner carried the note. The purchasor of the property filed BK while family member filed to foreclosure on the property, the BK filing stopped the foreclosure, the purchaser failed to show up at BK hearing, therefore within 24 hrs property foreclosure could go forward, but the purchaser then filed another BK in a different business name, again stopping foreclosure. This went on for through several purchaser business names. Finally, throughout casual discussion with an attorney, there was relief. The casual conversation determined the legal loopholes the purchaser was utilizing to avoid or delay foreclosure, and the change of family members atty to casually found atty for representation ended with an injunction against any further BK filing. 1) the purchaser had an umbrella corporation, and filed each BK under a business name within the umbrella corporation - IF DV has other names under a corporation they maybe carrying on their business - with your property. 2) if our family member never 'found' a more versed or honest atty who knows how long or how that legal issue would have resolved. The family members first atty was charging hourly for working on and appearing at each separate BK filing, the ended in just another BK filing, OT, but that firm knew better - and instead took advantage by not filing injunction. My point, do search everything you can find on DV. Your property could be listed on any site for sale by a different seller name. What does your consignment agreement state in detail.
ETA: the above was a completely different situation, but do look at DV. And above property was a multi-million dollar property and worth legal expenses, not a 3k Chanel bag.
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The people whose bags were not sold were named in a list under the "executory contracts" section of the bankruptcy petition. I would think they could check to make sure they are there before being concerned they were diverted to some other site.
 
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#63
I think that people who are not directly affected by this situation (i.e. consigned w/ DV) or who have information specific to this bankruptcy should maybe not post here. Even if you are trying to be helpful, it is just confusing.
 
#64
MyAwesomeFinds said:
The people whose bags were not sold were named in a list under the "executory contracts" section of the bankruptcy petition. I would think they could check to make sure they are there before being concerned they were diverted to some other site.
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With all due respect... How are you feeling about your advice to these folks that have their property caught up in this BK? Are you an attorney? Your advice, with the disclaimer, isn't confusing? It's confusing to me. You're a reseller, yourself. The potential for property to be sold elsewhere, isn't only possible under another DBA. eBay, Tradsey, or really any other reseller site, are open venues, as you surely know. So instead of chastising, and being a self appointed moderator of this thread, explain how you know, what you know. I know from personal experience, that there are deadlines for preserving one's rights.
 
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#65
Ceeyahd said:
With all due respect... How are you feeling about your advice to these folks that have their property caught up in this BK? Are you an attorney? Your advice, with the disclaimer, isn't confusing? It's confusing to me. You're a reseller, yourself. The potential for property to be sold elsewhere, isn't only possible under another DBA. eBay, Tradsey, or really any other reseller site, are open venues, as you surely know. So instead of chastising, and being a self appointed moderator of this thread, explain how you know, what you know. I know from personal experience, that there are deadlines for preserving one's rights.
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What I know is from reading the actual bankruptcy petition on the court docket.
 
#68
k5ml3k said:
Yep! Mine says label was created or info was sent to FedEx. Estimate delivery time 12/19 but nothing other than that.

Shady, shady...they better get this **** figured out!
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Have you heard any thing or received anything back? I also got a fedex tracking number for the return of my bag but nothing shows up (as in it’s a fake number). I’m so upset!
 
#70
jchen815 said:
Original owner stated she sold months before bankruptcy but she filed. Isn’t this fraud? She said she sold but didn’t...and is now filing bankruptcy
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Whether she sold or not, either she or new owners could have filed for bankruptcy. What damages are there if she didn't actually sell when she said she did? Maybe there was a sale in the works that fell through.
 
#72
If she filed for bankruptcy then any shipments that were in progress would have been frozen by the administrator until they could sort out ownership and assets. So, it might not be a fake number but they might have been stopped before they could be sent out.
 
#75
I would not use Fashionphile either. I have had a couple of bad experiences with them as well. I posted about the 2 experiences here on TPF. Too lengthy to go into at the moment. Maybe just try EBay.

classybags4ever said:
I received the same non-helpful e-mail. So upset, I should have gone with Fashionpile and knew their quotes were too good to be true :sad:
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