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Henry Dunay Designs files for Chapter 11

June 22, 2009

New York--Henry Dunay Designs Inc. has filed for Chapter 11 bankruptcy protection, the second high-profile jewelry design company to do so in recent weeks.

In a voluntary petition form filed at the U.S. Bankruptcy Court of the Southern District of New York in Manhattan, the corporation estimated that it has between 100 and 199 creditors. Its assets total between $1 million and $10 million, and its liabilities total between $1 million and $10 million.

The paperwork was signed by the company's attorney and by its president, Henry Dunay, on June 18.

According to the company's Web site, Dunay launched his company in 1965 and has won more than 50 awards in his five decades in the jewelry industry. Robb Report magazine named Dunay "World's Best Jewelry Designer" in 2000 and 2001.

In addition to having his designs line the showcases of high-end stores such as Bergdorf Goodman, Dunay's clientele includes Tom Cruise, Oprah Winfrey and Secretary of State Hillary Clinton, among many others.

Earlier this month, Michael Beaudry Inc., based in Los Angeles and also known as a jeweler to the stars, filed for Chapter 11 bankruptcy protection.
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