Avenue Stores, LLC – U.S. Trustee Clambers onto Chapter 7 Conversion Bandwagon as Pressure Mounts on Debtors and Sponsor Versa Capital Management

November 18, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) filed an emergency motion seeking conversion of the Debtors’ Chapter 11 cases to cases under Chapter 7 [Docket No. 458]. This motion follows a similar November 14th filing by the U.S. Trustee assigned to the Debtors' cases [Docket No. 441]. In both…