chapter 11

Retail
Stage Stores Files For Chapter 11

Stage Stores has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The company will terminate the wind-down of operations at certain locations if it receives a viable going-concern bid.

Retail
Neiman Marcus Files For Bankruptcy

Neiman Marcus has filed Chapter 11 and entered into a restructuring support agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during the COVID-19 pandemic and beyond.

Retail
Report: J.C. Penney Moves Closer To Bankruptcy Funding

With the coronavirus pandemic shutting down non-essential shopping across the U.S., J.C. Penney is said to be in advanced talks with bank lenders for a bankruptcy loan as large as $1 billion to carry it through a potential chapter 11 process, The Wall Street Journal reported.

Retail
Pier 1 Bankruptcy Identifies Unsecured Creditors

Pier 1 entered into Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Virginia on February 17 to facilitate a Plan Support Agreement with a majority of its term loan lenders, listing its major unsecured creditors as it did so.

Retail
Pier 1 Enters Chapter 11, Pursues Sale

After months of speculation about its ability to continue operating, Pier 1 Imports has filed for Chapter 11 bankruptcy protection as it pursues a sale of the business. The company also said it would complete the previously announced closure of up to 450 store locations in the process, which includes the closure of all its stores in Canada.

Retail
Court Approves Shopko First-Day Motions

Shopko said that its first-day motions to help facilitate continued operations while the company operates under Chapter 11 protection were approved by the U.S. Bankruptcy Court for the District of Nebraska. 

Retail
Shopko Files Chapter 11

Shopko has filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Nebraska and announced, in concert with the legal action, that it would close 38 stores, relocate about 20 optical centers to freestanding locations, and conduct an auction process for its pharmacy business.

Retail
Gump’s Files For Bankruptcy

Gump’s Holdings and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. have filed voluntary petitions on August 3 for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.