Number Holdings, Inc.

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Case Number:

1:24-bk-10719

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Texas Comptroller of Public Accounts

Sectors & Industries:

January 27, 2025
Purdue Nears Ch. 11 Deal, Yellow Corp. Fends Off WARN Suit

From a looming settlement in the Purdue bankruptcy to a pair of retailers overcoming objections to their Chapter 11 plans, here are some of the biggest bankruptcy news from the past week.
January 24, 2025
Discount Retailer 99 Cents Confirms Ch. 11 Wind-Down Plan

99 Cents Only, a former California-based discount store, received a Delaware bankruptcy judge's approval Friday to wind down its affairs under a Chapter 11 plan based on a deal reached between its unsecured creditors, secured noteholders and the debtors.
December 20, 2024
99 Cents Only Gets OK For Vote On Liquidation Plan

A Delaware bankruptcy judge Friday sent the liquidation plan for discount retailer 99 Cents Only for a creditor vote, finding the provisions for getting creditor consent for third-party claims releases was adequate.
December 16, 2024
Judge Kills Infowars Sale, BigLaw Firms Duck Suit

A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed.
December 10, 2024
99 Cents Only Assets Net $245M In Ch. 11 Liquidation

A real estate agency has announced it recovered $245 million by arranging sales of real properties and other assets of 99 Cents Only Stores in a bankruptcy case the discount retailer launched in April with more than $1 billion in debt.
December 02, 2024
Deal Struck In Discount Chain Plan, No Sanctions In J&J Case

Holders of notes issued by 99 Cents Only will take a $297 million haircut, Beasley Allen dodged discovery sanctions in Johnson & Johnson's latest spinoff bankruptcy and a Mexican industrial equipment leasing group sought U.S. recognition for its reorganization. This is the week in bankruptcy.
November 26, 2024
99 Cents Only Says Plan Imminent After Noteholder Deal

A Delaware bankruptcy judge on Tuesday approved a settlement under which holders of notes issued by bankrupt discount retail chain 99 Cents Only agreed to resolve a challenge to their liens by taking a $297 million haircut in a soon-to-be-filed Chapter 11 plan.
August 06, 2024
99 Cents Only Asks To Extend Ch. 11 Plan Filing Deadline

Discount retail chain 99 Cents Only has urged a Delaware bankruptcy judge to give it more time to file a Chapter 11 plan and solicit votes from creditors, saying the company has made "significant progress" in the case and is working toward a plan the court can confirm.
July 29, 2024
Co. Denies Bid At 99 Cents Only Sale, Wants $1.5M Deposit

A California real estate entity urged a Delaware bankruptcy judge to let it reclaim all of a $1.5 million deposit it made in connection to the estate of 99 Cents Only, saying the money was required to attend an auction but the discount retailer is pretending the company won a bid for some of its property.
July 22, 2024
99 Cents Only Pivots To New Buyers After $8M Bid Rescinded

Discount retail chain 99 Cents Only asked a Delaware bankruptcy court to approve alternative sales for two California real estate parcels after the winning bidder who submitted a $8 million offer failed to close the deal over the last two months.

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