Pier 1 to close nearly half its stores as bankruptcy rumors persist

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Updated on: February 17, 2020 / 2:57 PM EST / MoneyWatch. Pier 1 Imports declared bankruptcy on Monday in a move aimed at facilitating a sale of the struggling home furnishings company. The.

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3 minute read. (Bloomberg) — Pier 1 Imports Inc. filed for Chapter 11 bankruptcy protection to facilitate a company sale after the retailer of eclectic home furnishings found itself squeezed by.

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1 The debtors in these chapter 11 cases, Pier 1 Imports, Inc. and its debtor affiliates (the "Debtors") along with the last four digits of each Debtor's federal tax identification number, are set forth in the Order (I) Directing Joint Administration of Chapter 11 Cases and (II) Granting Related Relief [Docket No. 76]. The location of the

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"Petition Date" means February 17, 2020, the date on which the Debtors commenced the Chapter 11 Cases. 100. "Pier 1" means Pier 1 Imports, Inc. 101.. (1) of the Bankruptcy Code, Administrative Claims and Priority Tax Claims have not been classified and, thus, are excluded from the Classes of Claims and Interests set forth in Article.

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Pier 1 Imports is closing up to 450 locations, which includes all of its stores in Canada, the retailer said Monday as it filed for Chapter 11 bankruptcy protection.. More than a month after the.

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Epiq11.com builds on a library of cases spanning two decades - the largest repository of such data in the industry outside of the federal court system. Epiq. 20-30810 Pier 1 Services Company; 20-30804 Pier 1 Value Services, LLC; 20-30811 PIR Trading, Inc. No results match "" CLAIM NUMBERS. DOCKET NUMBERS. SCHEDULE NUMBERS. SCOPE.

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PIER 1 HOLDINGS, INC. filed a 11 chapter bankruptcy in the Eastern District of Virginia bankruptcy court on February 17, 2020. This is a voluntary filing; it was assigned the bankruptcy case number #20-30807. The bankruptcy petition for PIER 1 HOLDINGS, INC. showed assets in the range of $500MM - $1B with liabilities in the range of $500MM - $1B.

Pier 1 to close nearly half its stores as bankruptcy rumors persist

The uncontested facts are as follows. Prior to the filing of these jointly administered bankruptcy cases, one of the Debtors, Pier 1 Imports (U.S.), Inc., entered into a commercial lease agreement on or about February 26, 1999, with Henning/Trion Ventures I, Ltd., the predecessor-in-interest to GDI (the "Lease").

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The Delaware bankruptcy court presiding over the chapter 11 cases of restaurant and brewpub chain CraftWorks Parent LLC and its affiliates (collectively, "CraftWorks") and the Virginia bankruptcy court overseeing the chapter 11 cases of home-furnishing retailer Pier 1 Imports Inc. and its affiliates (collectively, "Pier 1") recently granted.

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0:24. Home goods retailer Pier 1 Imports is officially going out of business - after a court approved its bankruptcy application. That now allows Pier 1 to liquidate its retail operations in about 500 stores across the country once they can re-open in the wake of pandemic. Pier 1 had more than 1,000 stores at one point selling home goods like.

Pier 1 Files Chapter 11 Bankruptcy Amid Talks With Buyers

Epiq11.com builds on a library of cases spanning two decades - the largest repository of such data in the industry outside of the federal court system. Epiq; Cases ; Cross-Case Search ; Back to all cases . Log In . Log Out . View All. Error! We're not able to export dockets right now. Please try again later. If the problem persists, please call.

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Epiq11.com builds on a library of cases spanning two decades - the largest repository of such data in the industry outside of the federal court system. Version 3.56.0.15 Epiq11.com builds on a library of cases spanning two decades - the largest repository of such data in the industry outside of the federal court system..

Pier 1 Files for Chapter 11 Bankruptcy, Will Close 450 Stores & All

Pier 1 Imports Inc. won court approval for a speedy sale process a day after the retailer tumbled into bankruptcy following a failed yearlong effort to reach a takeover deal with its lenders.

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For the foregoing reasons, the Court found that the temporary relief sought in the Motion was in the best interest of the estates in these Bankruptcy Cases and entered the Supplemental Order in order to extend the relief provided by the Original Order through the Limited Operations Period. Read In re Pier 1 Imports, Inc., 615 B.R. 196, see.

Pier 1 Files For Bankruptcy And Puts Itself Up For Sale, But List Of

Home furnishing retailer Pier 1 Imports Inc. won bankruptcy court approval of its liquidation plan after the pandemic dashed its hopes of reorganizing.. Administrative expense claims holders would recover more than 40% under the the plan, approved Thursday by Judge Kevin R. Huennekens of the U.S. Bankruptcy Court for the Eastern District of Virginia.

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Finally, in the Pier 1 bankruptcy in the Eastern District Court of Virginia, Judge Kevin Huennekens approved the debtors' motion to delay payment of all but certain "critical expenses" included on.