Tori Belle’s Chapter 11 chapter has been transformed right into a Chapter 7 liquidation.
The order for the conversion was made on November ninth, following a movement filed by the court-appointed Trustee.
Whereas in a Chapter 11 chapter a enterprise restructures debt to be able to proceed working, a Chapter 7 is a liquidation.
With each Tori Belle and mother or father firm LashLiner in Chapter 7 liquidation, functionally that is the top of Tori Belle as an MLM firm.
After LashLiner filed for Chapter 11 final 12 months, CEO Laura Hunter claimed Tori Belle was “going to be okay”.
Right here’s the place issues get a bit unusual.
There have been rumors Hunter has been recruiting Tori Belle distributors into different MLM alternatives beneath her. I haven’t seen something concrete so haven’t reported on it.
Tori Belle’s web site continues to be up, with there being no indication the corporate is in liquidation.
Over on FaceBook Laura Hunter simply introduced “a brand new web site”:
…and it appears folks in Tori Belle, together with their prospects, do not know what’s happening:
TB Cosmetics in the meantime appears to be like like a reskin of Tori Belle’s Shopify powered web site.
I can’t say for positive however it seems Hunter has rapidly rebooted as TB Cosmetics within the wake of the Tori Belle Chapter 7 conversion.
I’m not likely an professional on chapter proceedings so I’m unsure how this elements into Tori Belle’s liquidation. One query that involves thoughts is the place are TB Cosmetics’ merchandise coming from?
Hunter and companion Rob Kitzberger filed for private chapter on October third, 2023.
Of be aware is TB Cosmetics’ web site having an “affiliate login” web page…
…however no indication whether or not this can be a fully-fledged MLM alternative.
Hopefully, on the very least for Tori Belle distributors and prospects, clarification is supplied quickly.