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Unsecured Karmaloop Creditors Want Sale Proceeds In Escrow

By Matt Chiappardi ( May 15, 2015, 2:47 PM EDT) -- The unsecured creditors committee in the bankruptcy of online apparel seller Karmaloop Inc. blasted the debtor's planned sale Thursday, reiterating its contention the transaction is essentially a foreclosure by senior secured lenders and arguing that proceeds should be held in escrow until its known whether the estate can pay priority claims....

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