Number Holdings, Inc.

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Case Number:

1:24-bk-10719

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Texas Comptroller of Public Accounts

Sectors & Industries:

June 18, 2024
Rite Aid, SVB Affiliates Among Top 2024 Ch. 11 Sales So Far

Branches of Rite Aid and Silicon Valley Bank, technology and biotech firms and a discount store chain were among the companies that attracted top dollar in the Chapter 11 auctions held during the first half of 2024.
May 28, 2024
FTX Attys Cleared, Alex Jones' Reckoning, Modell's Deal

A report found that FTX counsel Sullivan & Cromwell was not involved in the pre-bankruptcy fraud at the cryptocurrency exchange, Alex Jones and his InfoWars podcast business are facing a June 15 deadline for progress in their Chapter 11 cases, and a former bankruptcy judge was accused of trying to force a false narrative tied to his romantic relationship with an attorney.
May 23, 2024
99 Cents Only Gets OK To Sell Stores For $170M In Ch. 11

Discount retail chain 99 Cents Only on Thursday got the green light of a Delaware bankruptcy judge to sell off 44 lots of its assets for a combined price of $170 million as it moves towards a wind-down.
May 15, 2024
Ollie's Can Make $14.6M Stalking-Horse Bid For 99 Cents Only

Discount retail chain 99 Cents Only received approval Wednesday from a Delaware bankruptcy judge for a $14.6 million stalking-horse bid for 11 of its properties in Texas from Ollie's Bargain Outlet Inc., another discount retailer.
May 13, 2024
Giuliani Gag Suit, FTX To Pay Up, Victims Seek Sanctions

Poll workers asked a bankruptcy court to bar Rudy Giuliani from making future defamatory statements like the ones that led to a $148 million judgment against him, while FTX said it plans to repay all customers in full in its proposed Chapter 11, and abuse claimants against the Roman Catholic Diocese of Syracuse are requesting sanctions for insurers that shared sensitive claims data.
May 08, 2024
99 Cents Beats Creditor Objection To Get OK On $61M DIP

A Delaware bankruptcy judge on Wednesday approved discount store 99 Cents Only's full $60.8 million Chapter 11 financing deal after rejecting a group of noteholders' objection to the relief, finding an intercreditor agreement barred the group from blocking debtor-in-possession funding.
May 01, 2024
99 Cents Pursues $2.5M Store Leases Sale To Dollar Tree

Discount retail chain 99 Cents Only urged a Delaware bankruptcy court Wednesday to let it accept a $2.5 million offer from Dollar Tree to potentially take over the debtor's leases at 58 recently closed stores, as it works to quickly wind down in Chapter 11.
April 17, 2024
Doom For Dollar Stores, Or A 99 Cents Only Problem?

The Chapter 11 filing of discount retailer 99 Cents Only isn't expected to be a bellwether bankruptcy in the dollar store sector, but rather a one-off example of a chain that has struggled to keep pace with competitors and was doomed by a failed expansion into Texas, retail experts told Law360.
April 17, 2024
99 Cents Seeks Quick Ch. 11 Auction For IP, Real Estate

Bankrupt discount retail chain 99 Cents Only hopes to sell its real estate, store leases and intellectual property by May 21 as part of its speedy Chapter 11 winding down, according to an auction procedures motion filed with the Delaware bankruptcy court.
April 12, 2024
Meet The Team In 99 Cents Only's Speedy Ch. 11 Wind-Down

Newly bankrupt discount retailer 99 Cents Only has an ambitious plan to liquidate all of its inventory and close down 371 stores in less than two months. Guiding 99 Cents Only in its Chapter 11 wind-down plans are a team of attorneys, liquidators and bankers who have helped other major retail companies navigate bankruptcy in recent years.