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http://www.idexonline.com/FullArticle?id=33886
Multi-channel electronic retailer Gems TV (USA) Ltd. has filed for Chapter 11 bankruptcy protection, a month after the company announced it was ceasing operations while its parent company bid to acquire a stake in rival Jewelry Television. Documents filed Monday in the U.S. Bankruptcy Court for the District of Delaware in Wilmington, Del., indicate that Gems TV has struggled to maintain profitability since its …
https://bankruptcylawnetwork.com/can-i-keep-jewelry-in-bankruptcy/
One question we’re often asked is whether a client can keep their jewelry if they file for bankruptcy. The answer is “usually,” but, as with most things, it depends on the details. If you own the jewelry free and clear, meaning that it isn’t security for a loan, the answer …
https://homeshoppingista.wordpress.com/category/home-shopping-networks/jewelry-television/
Gems TV will end its operations whether or not its deal to buy into Jewelry Television, whose parent company is Multimedia Commerce Group Inc., closes. “Since its entry into the U.S. in November 2006, Gems TV has struggled to achieve the necessary operational and economic scale that would enable it to thrive in that market,” the network said in its March 8 press release.
https://en.wikipedia.org/wiki/Gems_TV_(USA)
In March 2010, it was announced that the US operation would close and be wound down. On April 7, 2010, Gems TV USA filed for Chapter 11 bankruptcy, blaming the Great Recession. Gems TV ceased broadcasting on April 15, 2010. The website and customer service team continued operating until May 6, …Country: United States
http://cdn.knoxblogs.com/editor/wp-content/uploads/sites/6/2009/12/128807
Jan 08, 2009 · A. Knoxville-based home shopping network Jewelry Television began a new round of layoffs Wednesday as a result of poor holiday sales and a weak economy. Spokeswoman Kelly Fletcher could not confirm how many employees would be affected but said they likely would be from all departments. Employees will be notified through Friday but downsizing may continue until sales …
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