Christian Bernard Goes Chapter 7

Christian Bernard Jewelers, a 30-year-old jewelry chain of 15 stores, abruptly filed for Chapter 7 on Dec. 26. In a resolution accompanying its filing, the Secaucus, N.J.–based company noted that “the company's shops are underperforming. [T]he Corporation's existing lender has informed it that it may not renew the company's current lines of credit” and “alternative credit facilities appear to be unavailable.” It concluded: “The ongoing operations and conduct of business by the Corporation appears to be unsustainable.” Christian Bernard Jewelers operated 15 stores in Connecticut, Maryland, New York, North Carolina, Pennsylvania, Virginia, Washington, D.C., Chicago, and St. Louis, its Web site said. After the chain closed, the media were filled with reports about customers who had left pieces for repair and couldn't get them. One wrote on JCK's online site, “My fian

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