True Value Company, L.L.C.
Case Number:
1:24-bk-12337
Court:
Nature of Suit:
Firms
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October 17, 2024
Meet The Skadden Attorneys Behind True Value's Ch. 11
Hardware store supplier True Value Co., limping from the vicissitudes of the COVID-19 pandemic and an increasingly short leash from lenders, has hired lawyers from Skadden Arps Slate Meagher & Flom LLP to help see it through Chapter 11.
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October 16, 2024
True Value Hammered By Economy, Lenders' Tight Screws
The pull-forward effect of the COVID-19 pandemic claimed another victim when hardware wholesaler True Value Company LLC filed for bankruptcy on Monday, succumbing to the lull in demand for new drills, drywall and drains now that Americans have finished the home improvement projects that consumed them in the early days of that time.
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October 16, 2024
True Value Strikes Bridge Deal To Fund Ch. 11 Case With Cash
Hardware store supplier True Value Co. is "laser focused" on closing a $153 million sale, attorneys for the company Wednesday told a Delaware bankruptcy judge who agreed to approve a two-week deal the debtor struck with a lender to use cash on hand to fund the Chapter 11 case.
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October 16, 2024
Catching Up With New Bankruptcy Case Action
Several companies including True Value, Accuride and Jordan Health filed for Chapter 11 bankruptcy over the past week, citing financial strains from inflation, supply-chain issues and market changes.
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October 15, 2024
J&J Stays In Texas, True Value Files, Bally Sports Docs OK'd
The latest bankruptcy case of a Johnson & Johnson talc unit survived a motion to transfer the proceedings to New Jersey, decades-old hardware store chain True Value commenced a Chapter 11 case and the update plan disclosure statement for the parent of Bally Sports regional sports networks were approved by a Texas judge. This is the week in bankruptcy.
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October 15, 2024
True Value Hardware Hits Ch. 11 With $153M Asset Sale Plan
The 75-year-old hardware retailer True Value Co. LLC filed for Chapter 11 protection in Delaware bankruptcy court, with its plan to sell all assets to industry rival Do It Best Corp.