True Value Company, L.L.C.

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Case overview

Case Number:

1:24-bk-12337

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

April 08, 2025
True Value Gets OK For Post-Sale Ch. 11 Plan

A Delaware bankruptcy judge said she would approve hardware store supplier True Value Co.'s Chapter 11 plan, which will distribute the proceeds of its $153 million sale to stalking horse bidder Do It Best.
February 18, 2025
Willkie DQ'd, Guo Clawbacks Continue

Franchise Group must find new bankruptcy counsel after a judge in Delaware found Willkie Farr & Gallagher LLP was conflicted in its case. The court-appointed trustee investigating Miles Guo's shell companies got another deadline extension to chase down estate funds. Spirit Airlines is awaiting confirmation of its reorganization plan. And bankrupt bitcoin miner Rhodium Encore has hit back at its landlord in court, alleging a campaign of sabotage.
February 11, 2025
True Value Gets OK For Opt-Out Releases In Ch. 11 Plan

A Delaware bankruptcy judge on Tuesday approved True Value Co.'s request to solicit votes on a Chapter 11 plan containing third-party releases that rely in part on an opt-out mechanism, a feature that the U.S. Trustee's Office said violated the U.S. Supreme Court's decision in Purdue Pharma LP last summer.
February 05, 2025
US Trustee Objects To Releases In True Value Ch. 11 Plan

The U.S. Trustee's Office Tuesday asked a Delaware bankruptcy judge to reject the opt-out third-party releases in True Value Co.'s proposed Chapter 11 plan.
January 31, 2025
Under The Radar: Bankruptcy News You May Have Missed

Lenders for Tupperware said the company's Chapter 11 case does not need a committee to represent retired workers, the U.S. Trustee's Office opposed third-party releases in a pair of Chapter 11 cases and hardware retailer True Value wants more time to pursue its Chapter 11 plan.
November 19, 2024
True Value Can Reject Leases Following $153M Ch. 11 Sale

A Delaware bankruptcy judge signed off Tuesday on procedures that hardware store supplier True Value proposed for ending its leases and contracts, as the company prepares to close on a Chapter 11 sale of the business later this week.
November 12, 2024
Judge Will OK Final True Value Ch. 11 Sale

A Delaware bankruptcy judge on Tuesday said she would approve bankrupt hardware store supplier True Value's asset sale to its stalking horse bidder, member-owned hardware brand Do It Best Corp., once the final version was on the docket.
October 31, 2024
True Value Hammers Out Deal To Fund Ch. 11, Speed Up Sale

After days of negotiating, bankrupt hardware store supplier True Value Thursday reached a deal with its lenders to avoid liquidation, fund its reorganization and move up a Chapter 11 sale, with member-owned hardware brand Do It Best Corp. lined up as a stalking-horse bidder.
October 21, 2024
Giuliani Tries To Nix Dominion Suit, FTX Exec Seeks Leniency

Colorado judges are skeptical of Rudy Giuliani's attempt to throw out a defamation lawsuit from a former Dominion Voting Systems executive amid ongoing bankruptcy proceedings, the former head of engineering at FTX is fighting for leniency from a Manhattan federal judge, and a former bankruptcy judge is challenging a subpoena for banking records in an investigation over a secret relationship. This is the week in bankruptcy.
October 17, 2024
Meet The Skadden Attorneys Behind True Value's Ch. 11

Hardware store supplier True Value Co., limping from the vicissitudes of the COVID-19 pandemic and an increasingly short leash from lenders, has hired lawyers from Skadden Arps Slate Meagher & Flom LLP to help see it through Chapter 11.

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