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Happy Kids Gets 3-Week Extension

New York, NY - ( - Happy Kids Inc. won Tuesday, Aug. 23, a three-week extension on its sole right to file a reorganization plan while it scrambles to liquidate.

The bankrupt children's apparel company also hopes the retention of fashion industry boutique bank Marketing Management Group Inc. will deflect a motion by secured creditor Deutsche Bank Trust Co. to appoint an examiner, said Sheldon Hirshon, New York debtor counsel at Proskauer Rose LLP. Deutsch Bank opposes the appointment of MMG and reportedly is seeking to place Net Worth Solutions Inc. as an examiner to investigate possible insider trading.