Toys "R" Us, Inc.

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Case overview

Case Number:

3:17-bk-34665

Court:

Virginia Eastern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 11, 2018
Toys R Us Says HK Arbitration Could 'Upend' Reorganization

Toys R Us asked a Virginia bankruptcy judge to bar a Hong Kong retail company from moving ahead with its arbitration over the sale of the toy company's Asian business activities until its restructuring is done, saying the proceeding threatens to "upend" its plans to reorganize.
August 29, 2018
Toys R Us Plan Shortchanges Priority Claims, Trustee Says

The U.S. Trustee has urged a Virginia bankruptcy court to reject Toys R Us' latest Chapter 11 plan disclosure, saying the company is trying to force approval of a plan that shortchanges priority claimholders with a "death trap" settlement they had no chance to object to.
July 19, 2018
Toys R Us Inks $180M Creditor Deal To Ease Wind-Down

Toys R Us on Tuesday told a Virginia bankruptcy court that it has reached a settlement with the holders of the majority of its U.S. debt that will guarantee $180 million for administrative claim holders and smooth the way to its Chapter 11 liquidation.
July 05, 2018
Toys R Us Gets OK For Shorter Voting Period In Ch. 11

Toys R Us got the approval of a Virginia bankruptcy court Tuesday for an abbreviated voting period for the Chapter 11 plan of its property holding companies in the United States, saying the impending closure of its stores makes reaching an approval hearing by the end of the month important.
June 28, 2018
Toys R Us Told It Can Do What It Must To Sell Its Asian Assets

A Virginia bankruptcy court Thursday gave Toys R Us permission to offer bid protections or take whatever other actions it deems necessary to sell off its Asian assets.
April 10, 2018
Toys R Us Asks For Extra $80M In DIP Financing

Toy retailer Toys R' Us Monday asked a Virginia bankruptcy court for the go-ahead to secure an additional $80 million in debtor-in-place financing it says it will need to keep its remaining overseas operations afloat.
March 15, 2018
Toys R Us Creditors Fear Wind-Down Uncertainties

The abrupt acknowledgement by Toys R Us that it will wind down operations and liquidate inventory at more than 700 stores in the U.S. was met with a wave of concerns Thursday, as creditors' attorneys said they hope for a transparent process that maximizes stakeholder returns.
March 01, 2018
Manufacturer Presses IP Claims Against Bankrupt Toys R Us

A toymaker asked a Virginia bankruptcy judge Wednesday to crack Toys R Us' Chapter 11 shield to allow the manufacturer to pursue claims the retail chain sold a knockoff of one of its products.
February 07, 2018
Toys R Us Gets OK On Store Closures, Employee Bonuses

A Virginia bankruptcy judge on Tuesday signed off on Toys R Us' plan to close more than 180 stores nationwide and make $6.8 million in bonus payments to employees of the doomed stores.
February 05, 2018
US Trustee Opposes Toys R Us Store Closure Plan

The U.S. Trustee on Friday asked a Virginia bankruptcy court to put the brakes on Toys R Us' plan to close more than 180 stores nationwide, saying there were issues with the hiring of the liquidation consultants and a planned payment of up to $6.8 million in employee bonuses.