Joann Hits Ch. 11 With $1B Secured Debt, Creditor Deal

By Emily Lever · March 18, 2024, 2:42 PM EDT

Fabric retailer Joann Inc., better known as Joann Fabrics, filed for bankruptcy in Delaware on Monday with $1 billion in secured debt and an agreement with its creditors to trim $505...

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Bankruptcy Scorecard

Summary

Fabric retailer Joann Inc., better known as Joann Fabrics, filed for bankruptcy March 18 in Delaware with $1 billion in secured debt and an agreement with its creditors to trim $505 million from its balance sheet.

Case Number

1:24-bk-10418

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.06 billion

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Documents

Related Sections

Case Information

Case Title

JOANN Inc.

Case Number

1:24-bk-10418

Court

Delaware

Nature of Suit

Date Filed

March 18, 2024

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