February 08, 2024
Defunct-shoemaker The Rockport Co. asked a Delaware bankruptcy judge to dismiss its Chapter 11 case, saying that it has no remaining assets of value after using more than $52 million in sale proceeds to pay down senior secured obligations.
October 31, 2023
A Delaware bankruptcy judge rejected a settlement proposed by Rockport that would create a $500,000 reserve for distribution to general unsecured creditors, saying the agreement amounted to a de facto reorganization plan, in violation of parts of the U.S. Bankruptcy Code.
July 27, 2023
The Rockport Company LLC on Thursday moved a step closer to a $45 million sale and got a close-to-final nod from a Delaware bankruptcy court judge on $40.9 million in post-petition financing after the bankrupt footwear retailer overcame objections about how it would use its lenders' cash.
July 25, 2023
Comfort footwear business The Rockport Co. received approval Tuesday for a $45 million sale of its assets to an affiliate of Authentic Brands Group that will inject sufficient cash into the estate to satisfy outstanding obligations under the company's post-petition financing package.