Legacy IMBDS, Inc., et al.,

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Case overview

Case Number:

1:23-bk-10852

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

February 21, 2024
IMedia Gets OK For Ch. 11 Liquidation Plan

A Delaware bankruptcy judge on Wednesday approved home shopping business iMedia Brands' liquidation plan after hearing objections from unsecured creditors and others had been resolved.
February 06, 2024
IMedia Asks For More Time To Get Ch. 11 Plan Confirmed

Bankrupt home shopping business iMedia Brands asked a Delaware judge to extend the period during which it has the exclusive window to confirm a Chapter 11 plan, saying it is well on its way toward implementing a plan centered on a settlement with the buyers of its assets and its secured lenders.
December 14, 2023
US Trustee Rips IMedia Ch. 11 Plan For Skimping On Fees

The U.S. Trustee's Office asked a Delaware bankruptcy judge Thursday to reject portions of home shopping business iMedia's proposed Chapter 11 liquidation plan, alleging it imposes unacceptable conditions on the payment of trustee fees.
December 12, 2023
IMedia Ch. 11 Releases Unfair, Unsecured Creditors Argue

The official committee of unsecured creditors objected to releases of claims against company insiders in home shopping company iMedia Brands' Chapter 11 plan, arguing that the releases cut off their only avenue for recovery.
November 01, 2023
Judge Adds Release Opt-Outs To IMedia Ch. 11 Plan

A Delaware bankruptcy judge Wednesday allowed home shopping company iMedia Brands to send its Chapter 11 plan out for a vote, provided creditors can both approve the plan and reject the plan's releases of claims against third parties.
October 12, 2023
IMedia Seeks Hearing To Confirm Ch. 11 Plan After Asset Sale

Home shopping company iMedia Brands Inc. has asked a Delaware bankruptcy judge to approve the disclosure statement for a Chapter 11 plan that would distribute proceeds of a recent sale and offer unsecured creditors recoveries of up to 2%.
August 17, 2023
iMedia Brands Gets OK For $40M Ch. 11 Sale To IV Media

Home shopping business iMedia Brands Inc. got approval from a Delaware bankruptcy court Monday to sell all its assets to IV Media LLC for $40 million, resolving a compressed sale process the court reluctantly allowed given the company's dwindling cash reserves.
August 02, 2023
Unhappy Judge OKs IMedia's Ch. 11 Sale Timeline

A Delaware bankruptcy judge Wednesday approved bankrupt home shopping business iMedia Brands' request to auction itself off in just over a week, saying that while she was unhappy with the timetable, the company will run out of cash if the sale is delayed.
July 31, 2023
IMedia's Ch. 11 Sale Timeline May Be Too Short, Judge Says

A Delaware bankruptcy judge Monday told bankrupt home shopping business iMedia Brands that she would be "hard-pressed" to grant its request to hold an auction for the company on Friday, but that she would grant it a short-notice hearing on the motion Wednesday.
July 21, 2023
Meet The Attys Representing IMedia In Its Del. Ch. 11

Attorneys from Pachulski Stang Ziehl & Jones LLP and Ropes & Gray LLP are representing media company and shopping channel hub iMedia Brands Inc. and affiliates in their Chapter 11 in Delaware bankruptcy court. Here, Law360 Pulse takes a look at the team.

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