JLM Couture Announces Plans for Restructuring to Safeguard Operations and Assets

JLM Couture, Inc., a renowned wedding gown design and manufacturing company, has made the strategic decision to file for restructuring in order to protect its valued operations and assets. The company, which specializes in upscale, multi-label wedding gowns, aims to navigate external challenges and ensure its continued presence in the industry.

The primary factors influencing this decision include the actions of Hayley Paige Gutman, as well as pressure from legacy creditors and potential liability arising from New York City landlord-tenant issues exacerbated by the pandemic. In response to these challenges, JLM Couture has determined that filing for reorganization under Subchapter V of Chapter 11 of the United States Bankruptcy Code is the most suitable course of action.

Throughout the court-supervised process, JLM Couture will continue its operations as usual, prioritizing customer satisfaction and meeting their expectations. The company is actively working on a restructuring plan with its trade vendors and professional creditors, aiming to safeguard its position in the wedding gown industry.

Despite the need for restructuring, JLM Couture is confident in its ability to deliver top-tier designs to its clientele. With no significant bank debt and a commitment to quality, the company remains optimistic that this restructuring will strengthen its position and enable it to regain its prominence in the industry.

For the past 30 years, JLM Couture, Inc. has been a leader in the wedding gown industry, renowned for its innovative designs and unwavering dedication to quality. For further information, please visit the company’s website or contact their media relations department.

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Source: [BusinessWire](https://www.businesswire.com/news/home/20231002757961/en/)