S&K’s Chapter 11 Plan Becomes Effective

Richmond, Virginia.  S&K Famous Brands’ Chapter 11 Plan became effective on March 16th (the “Effective Date”).  This date is important as the liquidating trust has the right to object to claims until the Claims Objection Deadline which is set for 90 days after the Effective Date.  However, this date may be extended by the Bankruptcy Court.  If no objection is received by the Claims Objection Deadline, then claims will be deemed allowed and will be paid according to S&K’s Chapter 11 Plan.