Rue21 Can Use Lender Cash As It Moves To Shut All Stores

By Alex Wittenberg · May 3, 2024, 6:20 PM EDT

A Delaware bankruptcy judge gave an initial nod Friday to teen apparel company rue21's bid to use its lender cash collateral to fund itself as it works to sell off inventory across...

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Bankruptcy Scorecard

Summary

Retail fashion company rue21, which made a trip through bankruptcy most recently in 2017, filed for Chapter 11 protection in Delaware court, disclosing $194.4 million in debt and a plan to sell the business.

Case Number

24-10939

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$194.4 million in debt.

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Related Sections

Case Information

Case Title

New RSC Holdco, Inc.

Case Number

1:24-bk-10939

Court

Delaware

Nature of Suit

Date Filed

May 02, 2024

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