New Chapter 11 Filing - Cornerstone Apparel Inc. (d/b/a Papaya Clothing)

Cornerstone Apparel, Inc. (d/b/a Papaya Clothing)

• 6/15/17 Recap: California-based apparel retailer targeted to the 16-25 year-old demographic and with 80 stores located in malls and shopping centers throughout the US filed for bankruptcy to take advantage of the Bankruptcy Code's "automatic stay" and have time to evaluate and rationalize its retail store…