Pack Liquidating, LLC, et al.

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Case overview

Case Number:

1:22-bk-10797

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. February 05, 2024

    Packable's Creditors Can Pursue Breach Of Fiduciary Claims

    A Delaware bankruptcy judge granted unsecured creditors of e-commerce seller Packable Holdings derivative standing to pursue breach of fiduciary duty claims in an adversary complaint alleging that the company's mismanagement led to its failure.

  2. October 14, 2022

    Alex Jones' Billion-Dollar Penance, Puerto Rico Prunes Debt

    Conspiracy theorist Alex Jones' podcast company is headed toward Chapter 11 mediation after a $965 million defamation damages judgment, Puerto Rico takes another step in restructuring the island's public debt, and the U.S. Supreme Court remanded issues over an increase in trustee fees to the Second Circuit. This is the week in bankruptcy.

  3. October 11, 2022

    Packable Cleared For Ch. 11 Restructuring Officer Hires

    E-commerce venture Packable Holdings received permission to hire a chief restructuring officer and associated staff Tuesday after telling a Delaware bankruptcy judge it had reached an agreement on the hire with its unsecured creditors.

  4. September 02, 2022

    Ch. 11 Cheat Sheet: Packable Holdings LLC

    E-commerce venture Packable Holdings LLC commenced a Chapter 11 case in Delaware on Aug. 28, after a failed merger left it short of cash and holding $272 million of debt.

  5. September 02, 2022

    Sears, Boy Scouts Each Move Closer To Ch. 11 Resolutions

    The yearslong dispute between Sears and its former CEO ended with a deal, the Boy Scouts of America took a giant leap toward confirmation, and crypto investment platform Celsius wants to release $56 million of digital assets. This is the week in bankruptcy.

  6. August 30, 2022

    E-Commerce Co. Packable Seeking Ch. 11 Liquidation

    E-commerce venture Packable Holdings told a Delaware bankruptcy judge on Tuesday that it is seeking to liquidate its business in Chapter 11, after a failed merger left it short of cash and it failed to reach an alternative deal to handle its nearly $272 million in debt.