Stein Mart (SMRT) Voluntarily Files Chapter 11 Bankruptcy
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Stein Mart, Inc. Voluntarily Files Chapter 11 Bankruptcy
August 12, 2020 8:05 AM EDTJACKSONVILLE, Fla., Aug. 12, 2020 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced that it and its subsidiaries (collectively, the Company) have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida Jacksonville Division (the Bankruptcy Court). The Company has filed customary motions with the Bankruptcy Court that will authorize, upon Bankruptcy Court approval, the Companys ability to maintain operations in the ordinary course of business, including, among other things, the payment of employee wages and benefits without interruption,... More
