True Value Can Reject Leases Following $153M Ch. 11 Sale

By Clara Geoghegan · November 19, 2024, 6:35 PM EST

A Delaware bankruptcy judge signed off Tuesday on procedures that hardware store supplier True Value proposed for ending its leases and contracts, as the company prepares to close on a Chapter...

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Bankruptcy Scorecard

Summary

A 75-year old hardware retailer and brand, True Value, filed for bankruptcy in Delaware with a $153 million stalking horse offer for its assets.

Case Number

24-bk-12337

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$500 million to $1 billion

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Related Sections

Case Information

Case Title

True Value Company, L.L.C.

Case Number

1:24-bk-12337

Court

Delaware

Nature of Suit

Date Filed

October 14, 2024

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