Discount Chain's Equity Owner Gets OK To Run Ch. 11 Sales

By Rick Archer · October 11, 2024, 6:50 PM EDT

A Delaware bankruptcy judge Friday gave discount retailer Channel Control Merchants permission to use an affiliate of its majority shareholder to run the going-out-of-business sales in its Chapter 11 case....

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Bankruptcy Scorecard

Summary

HDC Holdings, the parent of secondary market retail chain operator Channel Control Merchants, filed for bankruptcy with plans to wind down and close 68 retail locations by the end of the year.

Case Number

24-bk-12307

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$76 million

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Related Sections

Case Information

Case Title

HDC Holdings II, LLC

Case Number

1:24-bk-12307

Court

Delaware

Nature of Suit

Date Filed

October 10, 2024

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