Careismatic Brands, LLC

  1. June 03, 2024

    WeWork Plan Approval, Crypto Update, Giuliani Creditor Fight

    Office space provider WeWork's plan to wipe out $4 billion in debt and end its Chapter 11 case was approved, defunct crypto lending platform Genesis Global Holdco LLC expects to exit bankruptcy in July and the official committee of unsecured creditors in Rudy Giuliani's Chapter 11 has asked a New York bankruptcy judge to hand control of the Republican firebrand's estate to a trustee.

  2. May 30, 2024

    Careismatic Gets OK For Ch. 11 Plan With Debt Equity Swap

    A New Jersey bankruptcy judge said Thursday he would confirm medical scrubs distributor Careismatic Brands LLC's Chapter 11 plan, which includes a debt-equity swap aimed at wiping out all $782 million of the debtor's secured debt after no buyers for the debtor's assets materialized.

  3. April 22, 2024

    Subchapter V Report, Express Hits Ch. 11, NY Diocese Fallout

    The American Bankruptcy Institute held its annual spring meeting last week, where a task force on Subchapter V presented its report and recommendations on small-business bankruptcy filings, and clothing retailer Express Inc. landed in Chapter 11 with more than $1 billion in debt.

  4. April 18, 2024

    Careismatic Plans $782M Debt Equity Swap In Ch.11

    A New Jersey bankruptcy judge on Thursday approved the disclosure statement of medical scrubs distributor Careismatic Brands LLC, which outlined a plan to wipe out $782 million in secured debt and reflected an overall settlement earlier that day with multiple secured and unsecured creditor groups.

  5. April 16, 2024

    Scrubs Biz Careismatic Says Ch. 11 Plan Disclosures Enough

    Global medical scrubs distributor Careismatic Brands LLC has told a New Jersey bankruptcy judge its Chapter 11 plan and disclosure statement provide more than enough information to creditors who are eligible to vote on its reorganization plan, urging the denial of any objections raised by the creditors' committee.

  6. January 24, 2024

    Medical Scrubs Co. Gets OK To Tap $125M Ch. 11 Financing

    Global medical scrubs distributor Careismatic Brands LLC can access part of a $125 million debtor-in-possession financing package as it seeks to eliminate $833 million of debt through its Chapter 11 restructuring, a New Jersey bankruptcy judge said Wednesday.