The US Trustee filed a motion in the US Bankruptcy Court seeking the conversion of Cache Inc.'s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on August 6, 2015. As per the motion, debtor has committed a number of breaches of fiduciary duty both under the Bankruptcy Code generally and under ERISA. Debtor has been unable to propose a viable solution, and an out-of-court, post-dismissal claim process will benefit no one and will not be fair, efficient, or transparent.

Therefore, the cause exists to convert the case to chapter 7.