Monday, January 5, 2009

Benefit off an L.A. bankruptcy

Posted By on Mon, Jan 5, 2009 at 9:33 AM

The Wall Street Journal reports that another Los Angeles-based company has filed for bankruptcy.

KP Fashion Co., the Los Angeles-based company that runs the U.S. business of the Kira Plastinina label, has filed for Chapter 7 bankruptcy in in U.S. bankruptcy court in Manhattan, citing more than $54 million in debts owed to more than 100 creditors.

Not exactly breaking news, right? But if you can reap some great sales on some contemporary clothing items and accessories, why not indulge a bit? There are still some items available for sale on their Web site, priced down at least 75 percent.

For example, this pleated wide-leg trouser was priced at $48 but has dropped down to $12:

Or this long sleeve chandelier knit top. Originally it was $34 and it's now $8.50:

1279_melange_grey_l_t.jpg

Hurry up before all their merchandise sells out! Sizes and quantities are already limited.

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