Obedient Sons and Daughters are no longer.

The line, designed by husband and wife team Swaim and Christina Hutson, turned out to have a not so stable financial backer in the form of Green Day’s bassist.

So despite their critical acclaim, a combination of downtown plus starlet loyalty, and last year’s CFDA/Vogue Fashion Fund nomination, they won’t be presenting a Fall 09 collection, or any collection under the Obedient label for that matter.

They will, however, present an entirely new line on February 14th (known to some as Valentine’s day, but to us as the second day of what’s sure to be a very unusual Fashion Week). We won’t know what it’s called until we get our invitation but we can guess it’ll be sharply tailored and highly covetable.

Can everyone else just hang on for one more month? Please!