U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) November 24, 1999
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Blue Fish Clothing, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Pennsylvania
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(State or Other Jurisdiction of Incorporation)
1-14078 22-2781253
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(Commission File Number) (I.R.S. Employer I.D. No.)
No. 3 Sixth Street, Frenchtown, New Jersey 08825
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(Address of Principal Executive Offices, Including Zip Code)
(908) 996-3844
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 5. Other Events.
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On November 24, 1999, Blue Fish Clothing Co., Inc. filed a voluntary
petition to reorganize under Chapter 11 of the Bankruptcy Code. Under Chapter
11, Blue Fish Clothing will continue to operate its business under court
protection while seeking to work out a plan of reorganization. The petition was
filed in the U.S. Bankruptcy court for the state of New Jersey.
The Company determined that in light of its excessive accounts payable debt,
1998 year end loss and the acceleration of a $3 million note with the Company's
primary secured lender, there was substantial risk that the Company would be
unable to secure sufficient trade credit to continue production and operations.
Accordingly, the Company determined that seeking a Chapter 11 filing at this
time would be in its best interests.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BLUE FISH CLOTHING, INC.
Date: November 29, 1999 By: /s/ Robert Salerno
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Robert Salerno
Chief Executive Officer
