Number Holdings, Inc.

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Case overview

Case Number:

1:24-bk-10719

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. 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.

  2. 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.

  3. 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.

  4. April 10, 2024

    Retailer 99 Cents Can Tap $60.8M DIP For Ch. 11 Winddown

    99 Cents Only can access $20.5 million of its Chapter 11 financing package, a Delaware bankruptcy judge ruled Wednesday, after attorneys for the discount retail chain resolved a handful of objections to first day approval of its debtor-in-possession loan.

  5. April 09, 2024

    99 Cents Only Moves Forward On Ch. 11 Shutdown Plans

    Discount retail store 99 Cents Only is on track to close its 371 stores by the end of May as part of its Chapter 11 case after a Delaware bankruptcy judge on Tuesday approved first-day motions that lay groundwork for the company to close down, but held off on approving a debtor-in-possession package until terms reached during hallway negotiations can be memorialized.

  6. April 08, 2024

    WeWork Saves $8B, Do Kwon Found Liable, WOM CEO Leaves

    One of the busiest weeks for new bankruptcies this year also featured notable developments in ongoing cases. Terraform Labs and its creator Do Kwon were found liable for securities fraud, WeWork announced it expects to save $8 billion by restructuring hundreds of leases, and a New York bankruptcy judge said he would take under advisement a decision about a sale of Rudy Giuliani's Florida condo.

  7. April 08, 2024

    99 Cents Only Files Ch. 11 With Plans To Close All Stores

    Discount store 99 Cents Only and five affiliates filed for bankruptcy in Delaware on Monday, listing over $1 billion in debt, days after it announced plans to wind down operations and close its 371 stores in California, Texas, Arizona and Nevada.