We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Draw Another Circle's Ch. 11 Liquidation Plan Confirmed

Law360, Wilmington (February 14, 2017, 7:32 PM EST) -- Hastings Entertainment parent Draw Another Circle LLC succumbed to the digital and internet age Tuesday, with a Delaware bankruptcy judge confirming the Texas-based movie, book, memorabilia and game rental company's Chapter 11 liquidation plan.

DAC attorney Christopher M. Samis of Whiteford Taylor & Preston LLC said the uncontested plan had received overwhelming approval, with remnants of the company and any retained claims due to be handed over to a liquidating trustee.

The company sought protection from creditors in June, blaming a declining market for physical media —...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.