shape
carat
color
clarity

Why timing is EVERYTHING - Christian Bernard Bankruptcy

Status
Not open for further replies. Please create a new topic or request for this thread to be opened.

Dreamr724

Rough_Rock
Joined
Jan 8, 2008
Messages
31
So here''s a little story to make you feel just a little more insecure about this ailing US economy. Not to mention this whole situation made me think the fates were against me and BF
6.gif
)

BF and I selected my engagement ring and at this point it was up to him to pick it up and plan a proposal, etc. Over the Christmas Break the jeweler emailed BF to tell him that the ring was ready for pick up on the 28th. BF and I went to Richmond directly from Connecticut so he didn''t have a chance to pick it up until we got back to DC. So, on Sunday when I was cleaning up the apartment he went out to Christian Bernard to pick up the ring (without me knowing) and oddly enough the store was closed. Hmmp - he thought that''s odd that it''s closed, he just thought, it''s Sunday maybe they closed early. Then on Wednesday he went back to the store and again it was closed. He said he had an unsettling feeling about this considering that the economy is in such a rough state. So he went back to the apartment and typed into google, "Christian Bernard Bankruptcy" and immediately several articles came up about their sudden filing for Chapter 7 bankruptcy.

CB filed on December 26th, two days before we were supposed to pick the ring up and a day after Xmas. Here''s a little thing of note, when a store files for Chapter 11 they expect to eventually come out of it, going directly to Chapter 7 is like saying, "We''re F**ked - cut all losses NOW". So, BF Dan is now in a pure panic about what to do about a finished ring that is paid for and behind closed doors. In the online articles it allows people to post their comments and through reading the articles he realizes that the managers for these stores had no idea that the CEO had given these drastic directives and were blindsided by closed doors as well. So BF being the nice guy that he is, emailed the jeweler directly, saying sorry to hear about getting laid off, BUT do you think maybe we can get our ring back? The guy emailed back saying everything is wrapped up in the courts and he will do the best he can to get the ring to us. Phew we thought, at least we could talk to this guy directly, then when Dan emailed back, there was an automated email that said that the email address was cut off . . . So here we are no contact info, no money and no ring. Not that this really stops our plans to get engaged but it sure does put a wrench in the plans. .

I guess we aren''t the only ones who are in the situation, and there are others, who just brought their jewelery in for a quick repair and also have their items behind closed doors. Thankfully, since everything is paid for the ring is fully our property and eventually we''ll get it back - maybe a year from now considering how slow the legal system works.

We just have to laugh about the whole situation - there''s just nothing else to do but wait and it sure does make for a good story to tell the grandkids.

So, here''s a lesson in today''s economy - buy it, grab it and RUN!

Sadly, the last correspondence that we received from the jeweler told us that the ring looked very nice. Ironically, we must have searched through at least 10 different stores, but we selected CB because we thought oh they''ll be around so I can get it cleaned and repaired easily and because the jeweler was great. The ONE place we selected goes under so suddenly!

We now have to contact the credit card company and file a dispute to get the piece back it''s worth approximately 22K retail value. FUN Stuff!
 
That is horrible! By any chance, did you guys use the CB in Tysons Corner mall? That''s the one I go to - I noticed that it had closed the week after Xmas, and I was surprised as well - didn''t realize it was bankruptcy at the time ...

You should contact a lawyer about getting your ring back, or if you paid with a credit card, may be you can get your money refunded ...
 
Ugh, dreamr, I'm so sorry you're having to deal with this. I just heard from my jeweler yesterday (I'm in DC too, by the way; actually Alexandria), about CB going bankrupt. He has made a number of settings for that store; a lot of CB settings are holding cz's, and when a customer wants one, they send him the display, and he makes it. What ring did you and your BF pick out? I'm sure it was lovely. I hope you are able to resolve this quickly.


Hey, I was also at the Tyson's location just last month to look at a Danhov setting. I'm sure the sales associates in the store didn't know that was coming - they're always the last to know (well, maybe just before the customers).
 
That really stinks! At least you know that you''ll get your ring eventually, but in the meantime the wait will be awful (at least, I know it would kill me!). I hope everything works out for the best and gets resolved quickly!
 
I''m so sorry that this happened to you....I have a sense of dread that is going to continue to happen to jewelers in 2009 as well......I really hope that this is resolved very quickly for the two of you. Sending you guys some real strong positive vibes!!


Anne
 
Sorry to hear this. When BF/FF and I started shopping for an e-ring this past Fall, he got a bad feeling about CB. So, it wasn''t even on our short list of B&Ms to consider. We visited the CB at White Flint.

BF/FF (who is a lawyer, albeit a patent attorney) says that technically you have claim to your ering. You essentially have become one of the creditors with a claim to their assets; well, perhaps one asset. Maybe the credit card company has a legal counsel that can advise on this, but you can also write to the Bankcruptcy judge (once it''s assigned). I believe there will be creditors hearings some time down the road, but this could take months/years. Maybe we have PSer here who has some corporate bankcruptcy expertise who could shed more light on the subject.
 
Oh no!!!
7.gif
That really sucks. I hope that you are able to come to some sort of resolution!
 
I am so sorry this happened to you! It is so horrible but I hope there is a speedy resolution. Keep up the positive attitude.
 
So sorry to hear this happened to you guys! I really hope you are able to get your ring back quickly...
 
oh no I am sorry this happened to you. There was an article in the local paper about a couple who had taken the wife''s E-ring to CB to get it repaired and cleaned. (this CB was located in Woodfield Mall) The couple got a call on Christmas Eve saying it was ready and when they went 2 days after Christmas, the store was closed. I don''t believe there has been a follow-up, but like brendaman says, you should have claim to your ring. If things are paid for or owned, the company cannot abscond with them even when they file bankruptcy, it is your ring and you should get it back. I hope things work out for you!
 
Here''s what I''d also do if you want the ring (former bankruptcy professional, here)

Find out who the chapter 7 Trustee is. You can do that online (let me know if you need instruction on that). Call the Trustee''s office and tell him your story. He may have authority to go into the store with proper documentation from you and retrieve your ring.

You could also hire a bankruptcy attorney to do this for you.
 
Here you go. Info. The Trustee is a guy named Charles Forman at some law firm in New Jersey. Give him a call. Here's more info.

http://www.jckonline.com/blog/870000287/post/540038854.html?nid=3491

He said that consumers with issues should write to [email protected] or call his law firm at 201-845-1000. He said the firm hopes to get back to most people within a day or so, and if they don’t, they should contact him again.
 
Wow! Thanks everyone for your support. And thanks Tradergirl for getting me this information. I''m going to contact the person right now. I had lots of help looking through price scope to find what type of ring I was looking for and I didn''t realize I could this this type of support as well. I LOVE pricescope!
 
We went to the one in Georgetown Mall. We selected that location just because of the helpful sales manager - too bad he can''t help us either.
 
So I here are the specs on the ring - I hear from the jeweler that it looks nice

1.51 Oval
Color F
Clarity VVS1
Shared Prong diamond band
2.5 mm thick



The sad part of it all is that it''s just sitting there in that empty store~
 
So sorry that this happened to you!
Tradergirl, that was so nice of you to find that info for her. Well done!
 
Status
Not open for further replies. Please create a new topic or request for this thread to be opened.
GET 3 FREE HCA RESULTS JOIN THE FORUM. ASK FOR HELP

Featured Topics

Top