Amazon Reseller Gets OK For Ch. 11 Plan After Creditor Deal

By Ben Zigterman · June 10, 2024, 10:12 PM EDT

A New Jersey bankruptcy judge said Monday she would approve an Amazon reseller's Chapter 11 plan, following an agreement reached to create a trust that would pursue claims against former company...

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Bankruptcy Scorecard

Summary

Thrasio Holdings Inc., a consumer goods company that is one of Amazon's largest third-party sellers entered Chapter 11 bankruptcy in New Jersey with the aim of cutting nearly $500 million in debt while bringing in more capital.

Case Number

3:24-bk-11840

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

Between $500 million and $1 billion

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Related Sections

Case Information

Case Title

Thrasio Holdings, Inc.

Case Number

3:24-bk-11840

Court

New Jersey

Nature of Suit

Date Filed

February 28, 2024

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