Joann Fabric Wins Confirmation Of Prepackaged Ch. 11 Plan

By Ben Zigterman · April 25, 2024, 8:04 PM EDT

Joann Inc., parent company of retailer Joann Fabric and Crafts, received a Delaware judge's approval of its prepackaged Chapter 11 plan Thursday that will lighten its debt load by $505 million....

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Bankruptcy Scorecard

Summary

Fabric retailer Joann Inc., better known as Joann Fabrics, filed for bankruptcy March 18 in Delaware with $1 billion in secured debt and an agreement with its creditors to trim $505 million from its balance sheet.

Case Number

1:24-bk-10418

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.06 billion

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Related Sections

Case Information

Case Title

JOANN Inc.

Case Number

1:24-bk-10418

Court

Delaware

Nature of Suit

Date Filed

March 18, 2024

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