Trustee Named in Bakers’ Chapter 7 Bankruptcy

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Attorney Robert J. Blackwell has been appointed trustee in the bankruptcy proceedings of Bakers Footwear Group, the St. Louis retailer that filed for Chapter 11 bankruptcy in October with the intention of reorganizing but opted to liquidate earlier this month under a Chapter 7 bankruptcy.

Blackwell, principal of Blackwell & Associates PC in O’Fallon, will operate the business as it sells off its inventory and other assets. The company’s assets include 56 leased stores, footwear inventory, a website and intellectual property that Blackwell estimated has a value of $5 million to $7 million, according to court documents.

Read more in the St. Louis Business Journal

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