Filene’s Basement filed for bankruptcy and held an auction in early May, agreeing to sell its stores and assets to Crown Aquisitions for $22 million. However, Men’s Wearhouse then bid $67 million for those assets.

Crown Aquisitions claimed that the bid did not follow proper procedure, and a third auction was held under court supervision. Syms won the auction with a bid of $63 million, making them the third owner in as many weeks.

Unfortunately, bankruptcies can sometimes get complicated. If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.